Thirty one out of the 50 states saw an increase in unemployment rates last year; but the good news is North Carolina was not one of them. The U.S. Bureau of Labor Statistics showed that Tar Heel State’s unemployment actually decreased by 14,000 workers last year. South Carolina also fared well like North Carolina with seeing a decrease in unemployment. In 2010, South Carolina dropped 5,000 unemployed workers last year.
The state of North Carolina had an average of 476,000 unemployed residents last year, and an average unemployment rate of 10.6 percent. South Carolina had 242,000 residents that were unemployed throughout the year and the average unemployment rate was 11.2 percent. The Charlotte metro area unemployment rate fell to 10.7 percent in December of 2010 which was down from November’s unemployment rate of 11 percent. The state of North Carolina as a whole also saw unemployment rates drop from 9.9 percent in November to 9.7 percent in December.
It is great news that the Triangle Area is faring better than other parts of the country when it comes to unemployed workers. The Triangle area saw unemployment rates dip to 7.7 percent in
December which is down slightly from the 7.9 percent in November. The Raleigh-Cary area added a net of 200 new jobs in the past year. The Durham-Chapel Hill area had an unemployment rate of 6.9 percent in December down from 7.2 percent the month prior.
If you are looking to buy or sell a home in the Triangle area contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
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