Unemployment in Guilford County Just Under 10%

The January unemployment data for North Carolina counties is now in, and, as expected, Guilford’s rate is way up — to 9.9% from 8.3% in December.  The rate for the Greensboro-High Point metro area is even higher at 10.5%.  Nationally, jobless claims were actually a little lower than expected last week, but unemployment statistics are still trending higher than they have since the early 1980s, so we should probably expect to see North Carolina’s rate for February to be still higher (it was 9.7% in January); that figure is due to be released on March 27th.

Improved stock market performance in the last week or so, some better numbers from banks such as Citigroup and Bank of America, as well as Ben Bernanke‘s hopeful interview with Scott Pelly on 60 Minutes this past Sunday, in which he predicted the recession would end later this year, have fed optimism among the pundits in recent days — and all this despite the fact of a rising chorus of public anger over AIG‘s bailout and its bonuses.   

On the other hand, market reaction to the FED’s purchase of $1.2 trillion worth of treasury bonds is mixed (some worry about Weimar-style hyperinflation owing to the huge multi-trillion dollar price tag of the bailout).  Doom and gloomers such as Martin Weiss and Jim Rogers continue to talk in near apocalyptic terms.  But probably of greatest concern to the man in the street, joblessness tends to be the last thing to get better after a recession.

Remember, if you lose your job, Greensboro Public Library has plenty of resources which can help you find another.  Check out this link to a previous post on our resources for job hunters.

One of the things that’s supposed to help us combat unemployment is the “Stimulus Bill” (the American Recovery and Reinvestment Act of 2009), recently passed by Congress.  Tonight, Greensboro Public Library will be holding a community dialogue on the stimulus, with perspective from a variety of speakers.  We invite you to come down.  But if you can’t make it, worry not, you should be able to view a tape of the event on Greensboro’s Channel 13.   

If you’re interested in still more information about the economic stimulus, Frank Barefoot, our Government Documents Librarian here at Central Library, would like to remind you of the American Recovery and Reinvestment Act of 2009 website; also, there is a North Carolina Office of Economic Recovery & Investment website.  You can explore these to track funding and State projects supported by the stimulus.

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