Job Market Monitor
North Carolina
Unemployment Benefits Cuts in North Carolina – The largest drop in its labor force in its history
In June, North Carolina lawmakers made such drastic cuts in unemployment benefits that the state was dropped from the federal Emergency Unemployment Compensation program, which made sure those who were out of work past their state-level benefit cutoff, typically around 26 weeks, still got benefits. The number of people receiving benefits fell to 45,000 by … Continue reading
Electrolux in US / Plans to add 810 jobs at headquarters
Electrolux will expand its North American headquarters in Charlotte, NC., and expects to add 810 jobs in the state in the coming years. It will be the second expansion at the location in three years. The appliance maker will invest $85 million in a 20-year lease agreement, part of the development of a second building … Continue reading
US / ‘Extended’ Unemployment Benefits ending: less active jobless persons looking for work
Editor’s Note: We know what is unemployment insurance. It covers for unemployment. That said, it is also the price we pay to keep the unemployed active. And when the price of something falls, you get less of it on the market. This is what might happen with the end of the ‘extensions’: less active jobless persons … Continue reading
North Carolina / First state to cut federal long-term jobless benefits
North Carolina is the first state to cut off a federal unemployment compensation program for the long-term jobless Continue reading
North Carolina / GOP Governor Signs Unemployment Insurance Reforms
Gov. Pat McCrory Tuesday signed into law a bill that would rework the state’s unemployment insurance system. House Bill 4 increases taxes for some employers, shortens the number of weeks an unemployed worker is eligible for benefits, and reduces the maximum benefits such a person can receive. The action by the GOP governor came as … Continue reading
North Carolina / Unemployment Bill Would Cut $600 Million In Federal Extended Benefits
North Carolina lawmakers are considering a bill that would slash unemployment benefits and cause the state to lose roughly $600 million worth of extended jobless compensation paid entirely by the federal government. The measure would reduce the maximum weekly benefit from $530 to $350 per person. If it passes, North Carolina workers will no longer … Continue reading
NC / GOP Debt Plan / Unemployment benefits could be cut
A road map to rid North Carolina of its $2.4 billion debt to the federal government for jobless benefits and to place the state’s unemployment insurance system on sturdier financial footing is getting sketched out by legislators and business leaders. It could be rocky both for employers who pay for the benefits and displaced employees … Continue reading
North Carolina – NetApp To Hire 460 Workers
Governor Bev Perdue announced this week that thanks in part to state and local incentives that high tech firm NetApp will hire around 460 workers in the area over the next several years. According to a statement from the governor’s office, the company plans to create 460 new jobs over four years and invest more … Continue reading
In The News | Global Recession, Less Government Solves Unemployment, Layoffs, Migrants in UK and More
Marc Faber, Global Recession 2013 a Sure Thing | readtheticker safehaven.com – Marc Faber doesnt make 100% calls very often, sure he makes a lot of calls, but when he make a call that he says is 100% chance of occurance its worth making a note of. When you here a fundamental … JobMarketMon Business Young … Continue reading
North Carolina Extended Employment Benefits To End In May
Based on notification from the U.S. Department of Labor, North Carolina is no longer eligible for the Extended Benefits program. The last payable week of the Extended Benefits program will be the week ending May 12, 2012. Workers who file their claim through the Extended Benefits program will no longer be eligible to receive extended … Continue reading
H.B Fuller | 130 jobs cut
The company will close six facilities and cut 90 jobs by mid-2013. In December, H.B. Fuller said it will buy Forbo’s industrial adhesives business for $395 million as it bulks up its presence in Europe. St Paul, Minnesota-based H.B. Fuller will close the former Forbo corporate and research offices in North Carolina resulting in 40 … Continue reading
Middle class is getting left behind U.S. jobs recovery
Americans at the top and bottom of the income scale are benefiting most from the jobs recovery while those in the middle are getting left behind. Employees making above-average wages, like doctors and energy-industry workers, and those at the other extreme, including home-health aides and restaurant staff, have seen outsized gains in hiring since the … Continue reading
Wisconsin leads Midwest in layoffs, unemployment
Despite signs of recovery over the last year, Wisconsin is one of the leading states in layoffs and unemployment claims, according to the most recent federal statistics. Only five other states — California, New York, Pennsylvania, North Carolina and Florida — had more layoffs than Wisconsin during January of this year, according to the a … Continue reading
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