UPDATE: Still tough job market out there

Apr. 10, 2013 @ 05:56 PM

UPDATED 4:35 P.M.

Unemployment rates in High Point, across the region and statewide pulled back in February compared to January, but still remain at abnormally high levels in the wake of the Great Recession.
The city of High Point’s unemployment rate, which has hovered around 10 percent for the better part of four years, ticked back below the 10 percent mark. The city jobless level declined from 10.2 percent in January to 9.5 percent in February, according to figures released Wednesday by the N.C. Division of Employment Security.
“Over the year, local unemployment rates dropped across most of North Carolina,” said John Quinterno, a principal with South by North Strategies, an economic research firm based in Chapel Hill. “Unemployment nevertheless remained widespread. (In February) local unemployment rates equaled or exceeded 10 percent in 60 counties and four metro areas. In February 2008, in contrast, five counties and no metro areas logged unemployment rates of 10 percent or greater.”
Still, the manager of the High Point office for the Division of Employment Security sees some reason for optimism.
Job orders from employers through the city job service office are a quarter higher than this time last year, said Manager Ikel Williams.
“We’re starting to see all sectors, including construction, start to pick up,” Williams told The High Point Enterprise.
The city of High Point’s ebbs and flows with its unemployment rate symbolize the economic pain that the nation as a whole has endured since the onset of the recession more than four years ago.
Since February 2009, the city of High Point’s jobless rate has been at or above 10 percent for 39 of the past 49 months. Prior to February 2009, the city’s jobless rate had never crossed the 10 percent threshold since the state began keeping municipal jobless numbers in 1976.
Unemployment rates declined from February to January in Guilford, Davidson and Randolph counties, according to the Division of Employment Security. All of the state’s 14 metropolitan areas recorded declines in unemployment from month to month.

pjohnson@hpe.com | 888-3528

 

 

 

Unemployment rates in High Point, across the region and statewide pulled back in February compared to January, but still remain at abnormally high levels in the wake of the Great Recession.
The city of High Point’s unemployment rate, which has hovered around 10 percent for the better part of four years, ticked back below the 10 percent mark. The city jobless level declined from 10.2 percent in January to 9.5 percent in February, according to figures released Wednesday by the N.C. Division of Employment Security.
“Over the year, local unemployment rates dropped across most of North Carolina,” said John Quinterno, a principal with South by North Strategies, an economic research firm based in Chapel Hill. “Unemployment nevertheless remained widespread. Last month, local unemployment rates equaled or exceeded 10 percent in 60 counties and four metro areas. In February 2008, in contrast, five counties and no metro areas logged unemployment rates of 10 percent or greater.” The city of High Point’s ebbs and flows with its unemployment rate symbolize the economic pain the nation as a whole has endured since the onset of the recession more than four years ago.
Since February 2009, the city of High Point’s unemployment rate has been at or above 10 percent for for 39 of the past 49 months. Prior to February 2009, the city’s jobless rate had never crossed the 10 percent threhold since the state began keeping municipal jobless number in 1976.
Jobless rates declined from February to January in Guilford, Davidson and Randolph counties, according to the Division of Employment Security. All of the state’s 14 metropolitan areas recorded declines in unemployment from month to month.

pjohnson@hpe.com | 888-3528