Wilmington’s City Council, the Governor and national trends aren’t helping the Wilmington area as unemployment rose once again. Be prepared for the cries that it’s all due to budgetary cuts rather than uncertainty created by the Obamacare legislation, a lack of employment opportunities beyond incentives from the Governor and a City Council that has been obsessed with convention centers, bike trails, bus stops, skyway bridges, entertaining troops and art councils.
(StarNews) The Wilmington area’s unemployment rate rose to 10.4 percent in June, the Employment Security Commission (ESC) said Friday. That’s up from 10.1 percent in June 2010. Rates in two of the counties that comprise the area also rose from a year earlier: New Hanover County, to 10.1 percent from 9.8 percent; and Pender, to 11.9 percent from 10.6 percent. In Brunswick, however, the jobless rate slipped to 10.4 percent from 10.6 percent.
Ouch! But will you hear any calls of accepting responsibility for any of this from the electeds? Not likely! More than likely you’ll see them all show up at a ribbon cutting for ANY economic central planning socialists development projects. In the StarNews article mentioned the apologists assert that “government” job losses had a lot to do with this new number.
The commission attributed part of the increases to a loss in government employment. ”This is partially attributed to changes in local and state education at the end of the school year,” ESC Chairman Lynn Holmes said in a statement.
But a Carolina Journal column by Don Carrington has some corrections needing to be included.
North Carolina most likely will show a decrease in the number of government jobs, currently estimated to be about 700,000. But as the economy recovers — and it will, at some point — the number of private-sector jobs should grow even more than the loss of any government jobs. That job growth should result in a decrease in the unemployment rate. Commentators who don’t understand the jobs numbers, or how they’re derived, simply should refrain from commenting on statistics they don’t understand.
And yet more bad news nationally here at cnbc about the US economic growth numbers. We don’t have an administration that realizes the damage it is doing to job growth. We have a governor that doesn’t understand how government is more likely hampering job growth than creating it through incentives. And we have a city council that lacks vision as the largest city in the southeastern region.
The U.S. economy grew less than expected in the second quarter as consumer spending barely rose, and growth braked sharply in the prior quarter, a government report showed on Friday. Growth in gross domestic product—a measure of all goods and services produced within U.S. borders—rose at a 1.3 percent annual rate, the Commerce Department said.