Unemployment Rate in NC Hits 9.7%; Program on Economic Stimulus Set for the Library, March 19th, 7 PM

This is just a brief post noticing the dramatic increase in North Carolina’s January unemployment rate to 9.7%:  up 1.6% from the adjusted rate for December.  Check out this article from the Raleigh News and Observer in which one economist predicts the rate could go as high as 14%. 

Of course, one of the ways in which the Obama Administration and Congress have moved to ease the effects of the recession, create jobs, etc., has been by passing a $787 billion economic stimulus bill.  The Guardian reported on February 17th that approximately a third of the money would be spent on tax cuts; $141 billion on healthcare; $81 billion on social security and unemployment benefits; $87 billion on education; and $86 billion on energy-related programs.  Actually only $89 billion (or barely over 10%) will go to the much-talked-of public works programs.   

On March 19th at 7 PM, the library will host an open community dialogue on the stimulus package, moderated by Assistant City Manager Denise Turner.  Participants will include:  Mike Mills, Division Engineer for the North Carolina Department of Transportation’s Division 7; Gale Cruise, Director of the Triad Region Self Help Credit Union; Lillian Plummer, Executive Director of the Greensboro/High Point/Guilford Workforce Development Consortium; and Sue Schwartz, Neighborhood Planning Manager of Greensboro’s Housing and Community Development Department.

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