Wednesday Open Line

A report released by the North Carolina Department of Commerce paints grim employment stats.  The reports findings show since April 2011 to May 2011 the economy lost 7,400 non farm positions.  However, total employment has increased by over 12 thousand. The discrepancy is because total employment includes farm workers, unpaid family workers, the self-employed, and people on unpaid leave.  Financial Activities gained 1,500 jobs, the largest job increase since last month.  Professional and Business Services had the largest job loss, losing 4,000 positions.  Over the past twelve months employment has been relatively flat with a net loss of only 1,000 jobs.  Service and knowledge based “White collar” industries have grown 1.6 percent versus 0.2 percent growth in labor intensive “Blue collar” industries. Both totals exclude the Government sector.  Since the start of the recession Education and Health Services is the only sector to have gained employment.

You may read the full report here

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