The Triangle's unemployment rate remained unchanged at 8.9 percent in February.
The new rate was reported this morning by the N.C. Employment and Security Commission, but that data is not seasonally adjusted. The News & Observer reports seasonally adjusted data from Wells Fargo in Charlotte.
"I'm encouraged by the latest unemployment numbers because they show some signs that they may be leveling off," said Mark Vitner, senior economist for Wells Fargo. "I certainly think the worst has passed, and my general sense is that hiring is beginning to pick up. But we're still seeing a lot of layoffs out there."
Retail reporter Sue Stock came to the N&O in 2004 and has been covering retail and shopping in the Triangle since then. She is the author of the popular
Comments
Not a problem!
Wed, 04/07/2010 - 15:33 — Dadof3Send in the Dreamy One®, Dear Beloved Leader™, so that the mere touch of his preternatural shoe heels ALONE will cure all that ails us, his undeserving subjects.
I guess that cash exfusion (money that leaves the private sector to public works immediately devalues) hasn't helped much. But my FDR poster still smiles approvingly.