Economic Crisis employment

Economic Crisis employment - Rhonda Mittelstaedt...

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Rhonda Mittelstaedt ECO-251-700S Ms. Stafford In December of 2007, the North Carolina unemployment rate was 4.7 percent with Greensboro/High Point at 4.7 percent and Winston-Salem at 4.3 percent. It’s obvious that the recession hadn’t hit the Triad or North Carolina, yet. Over the next year, the unemployment rate steadily rose to 8.5 percent in North Carolina, 8.6 percent in Greensboro/High Point and 7.6 percent in Winston-Salem. It wasn’t until January 2009 that both North Carolina (10.3 percent) and Greensboro/High Point (10.5 percent) hit the double digits. Winston-Salem did hit the double digit mark until February 2009 when it rose to 10.4 percent. Since January 2009, the North Carolina unemployment rate was between 10 and 11 percent topping out at 11.8 percent in both January and February 2010. During the period of December 2007 through July 2011, Greensboro/High Point has seen higher rates than North Carolina as a state, whereas Winston-Salem has seen slightly lower rates than North Carolina. During the period of December 2007 through July 2011, Construction-Special
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Economic Crisis employment - Rhonda Mittelstaedt...

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