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April 23, 2010

Are jobs finally coming back?

There is modest optimism about the nation's job market. Does this good feeling apply to North Carolina?

Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:

"It actually does. ... We have two job surveys that come out every month. The household survey, where surveyors go to peoples homes and ask them if they are working, etc., has actually shown jobs up for three straight months after falling for 22 consecutive months.

"The payroll survey, which goes to businesses, has found that jobs have gone up for three of the last five months after going down for 19 straight months.

"Now, yes, the unemployment rate is up, but that is due to workers who have dropped out of the labor force now coming back looking for work. They are counted as unemployed until they get a job.

"Since last fall the sectors with the largest job gains have been government, professional and business services, and education and health."

Posted by deeshore at April 23, 2010 07:39 AM

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