By HPW on May 03, 2013 11:24 am
via CNN Money
Good news continues in the jobs market; new reports show job growth was stronger than initially reported at the beginning of the year and April’s hiring numbers exceeded expectations. Numbers were revised upwards for the first few months of the year and employers added 165,000 jobs in April, which was a marked improvement over March. The unemployment rate fell to 7.5%. While that number is still relatively high when compared to pre-recession rates, it has been steadily dropping. To read more on these new numbers visit CNN Money.
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By HPW on May 03, 2013 06:19 am
According to a new report from the Labor Department, jobless claims have fallen to their lowest levels in five years, signaling fewer layoffs. The report marks the lowest levels of first-time claims for unemployment benefits since January 2008. Analysts consider these reports good indicators of layoff activity and the general U.S. job market, and the numbers are now back at pre-recession levels. While employers are still slow to hire new employees, there is still modest and steady growth in hiring. To read more visit CNN Money.
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By HPW on May 02, 2013 02:46 pm
The unemployment rate for March dropped in 99 of North Carolina’s 100 counties. The unemployment rate was down in the Triangle, falling from 7.5% in February to 7.1% in March, while Wake County’s rate fell to 6.9%. Orange County logged the state’s lowest unemployment rate in March at 5.6%. To read more visit WRAL.com.
RALEIGH, N.C. —
Raleigh remains one of the nation’s fastest-growing cities, according to new information from the U.S. Census.
The website 24/7 Wall Street analyzed Census data and ranked Raleigh No. 5 among the countries fastest-growing cities in recent years.
The site said Raleigh had a population of 403,903 in April 2010, according to Census data. That rose 3.1 percent to 416,468 by July of 2011, according to the Census information.
Raleigh grew despite challenging economic conditions, especially in 2009. But the housing market and hiring improved in recent years as the city continued to rank among the nation’s best places to live.
24/7 Wall Street ranked New Orleans the fastest-growing city in the United States over the same period. New Orleans, continuing a rebound from Hurricane Katrina, grew 4.9 percent in population as jobs started to flow back into the region.
Austin, Texas, was second in the survey, followed by Plano, Texas, and then Denver.
Charlotte was ninth, with a population rise of 2.7 percent. Charlotte had a population of 751,087 in July 2011.
Courtesy of NBC17 News
Raleigh added 8,700 private sector jobs in 2011, a 2.14 percent increase that was the 17th highest in the country. That’s according to a new American City Business Journals study that examined preliminary data from the U.S. Bureau of Labor Statistics to estimate 2011’s private-sector employment totals for the nation’s 100 biggest metros.
Courtesy of the Triangle Business Journal
Click on the link below for the full story from the Triangle Business Journal.
The U.S. unemployment rate fell another notch in December, to 8.5 percent, reaching its lowest level in almost three years, as the nations economy added 200,000 nonfarm payroll jobs.The latest report, released Friday by the U.S. Department of Labor U.S. Department of Labor Latest from The Business Journals U.S. unemployment nears 3-year low; 200,000 jobs added in DecemberU.S. unemployment nears 3-year low; 200,000 jobs added in DecemberEconomy adds 200,000 jobs in December Follow this company s Bureau of Labor Statistics Bureau of Labor Statistics Latest from The Business Journals Womens work? Think againU.S. unemployment nears 3-year low; 200,000 jobs added in DecemberU.S. unemployment nears 3-year low; 200,000 jobs added in December Follow this company , was better than many economists had expected, and “certainly suggests that labor market conditions are improving,” said Paul Ashworth, chief U.S. economist for Capital Economics in Toronto.Some analysts had predicted an uptick in the unemployment rate, Bloomberg reported.The December jobless rate — down from a revised 8.7 percent in November — is the lowest since February 2009, and is down 0.6 percentage points since August 2011.The latest Colorado employment report, covering November, showed a jobless rate of 8 percent for the state.BLSs survey of the nations employers showed that private companies added 212,000 payroll jobs las
via U.S. unemployment nears 3-year low; 200,000 jobs added in December – Denver Business Journal.
Forbes magazine ranks North Carolina third in its annual ranking of best states for business, unchanged from last year.
The magazine evaluates costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life in making the rankings.
The top three states didn’t change from last year. The magazine ranks Utah No. 1 and Virginia No. 2. North Dakota rose to fourth this year from No. 11 in 2010.
Georgia is No. 11, down from eighth in 2010. Rankings for other Southeastern states: Tennessee is 21st; Florida 24th; South Carolina 28th; and Alabama 37th.
Courtesy of Triangle Business Journal and Forbes Magazine