This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

NC's March Unemployment Rate Drops To 9.2 Percent

By EMERY P. DALESIO

RALEIGH, N.C. (AP) â¿¿ North Carolina's unemployment rate fell to 9.2 percent in March, its lowest level in more than a year, but other data in the monthly report by the state Commerce Department Friday signaled job prospects were barely improving.

The report's positives were that the unemployment rate dropped from 9.4 percent in February and that the number of people unemployed fell by nearly 12,000 between February and March. On the down side, nearly 11,000 fewer people held jobs than in February and about 22,500 workers were suddenly no longer working or looking for work.

North Carolina continued to have the country's fifth-highest unemployment rate in March.

"I think that things are not improving a lot," said Dora Gicheva, a University of North Carolina at Greensboro professor who studies labor markets. "Things are a still lot higher in North Carolina compared to the U.S."

The national unemployment rate fell to 7.6 percent in March from February's 7.7 percent.

The past year has seen the unemployment rate bob up and down in part because thousands of people are deciding to give up rather than keep competing for jobs, or retire early or go on disability if they qualify, Gicheva said.

"People are still becoming discouraged in the labor market," she said.

The monthly report also showed that 103,038 people claimed unemployment insurance payments in March, 6,584 fewer than the previous month. That and the drop in the number of workers employed and the total labor force suggests that thousands of people may had their jobless benefits expire, Gicheva said.

North Carolina has added 75,300 jobs in the past year, when the unemployment rate was 9.4 percent.

___

Emery Dalesio can be reached at http://twitter.com/emerydalesio.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs