Triangle unemployment rate still lowest in state - Triangle Business Journal:

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The unemployment rate for the Raleigh-Durham area was 8.5 down from 8.7 percent in February. The ESC does not adjustt local unemployment numbers forseasonakl factors. Because the unadjusted rate reflectss data at the time of collection and does not accountt for the impactof season-specific jobs and other variables, it is not consideredc an accurate gauge of month-to-month economic Yearly comparisons are valid, however, and on that basis, the impactg of the recession on the Triangle over the past 12 monthse is strikingly evident. March 2008 unemployment for the Raleigh-Durham area was 4.1 with 32,570 people out of work and lookingt fornew jobs.
There were 72,594 jobless people seekin g work in the seven-county Triangle during March this ESC says. Region-to-region comparisons also pass the smell test, and the Triangle once again easily has the lowes jobless rate among the state's federally definede combined statistical areas. The state's largest job market, is weighed down by unemploymentof 12.4 while the Triad area of High Point and Winston-Salem is at 11.3 percent. The federal government splits the Triangle into two metropolitanstatisticalo areas. The Durham-Chapel Hill metro, comprising Durham, Orange, Chathamj and Person counties, posted the lowest joblessw rate inthe state, 7.
6 percent, down from 8 percentg in February. The Raleigh-Cary metro, comprisin Wake, Johnston and Franklin counties, lowered its unemployment rate, to 8.6 percent from 8.8 percent, but lost its statuds as holder of the second lowes jobless rate among North Carolina TheJacksonville area, home to the Camp LeJeune Marin e base and the Marines’ Cherry Point air shaved its rate 0.7 percentage to 8.3 percent. Overall, 84 of the state'sz 100 counties posted lower unemployment ratew in March than they didin That's not surprising given that industriex that perform work outdoors usually increase hirinfg in March, as do tourism employers.
“While many of our countieds are experiencing a slight decreasein unemployment, our stat e still faces significant challengese because of national recession,” said ESC Chairman Moses Carey Jr. John research associate at the Nortu CarolinaBudget & Tax said in a writtej release that he saw little reason for optimismk in the latest ESC numbers. "Nothingf in the March report suggeste that the labor market has reachedx aturning point," Quinternoo said. "Families and communities across the state will confronr the consequences of a weak labor market well into the foreseeable future." The N.C.
Budget & Tax Centere is part of the , a liberap think tank and advocacy organization. To see county unemploymenf numbers and other details on the March employment go tothe