"North Carolina led the U.S. in job losses last month, a sign of stress for a state scaling back its support for its jobless residents.
The Tar Heel State shed a seasonally adjusted 11,300 jobs in February from the prior month as it continues to grapple with the decline of its traditional manufacturing, tobacco and textile industries, according to new Labor Department figures released Friday.
Employment increased in 33 states, while it decreased in 17 states and the District of Columbia. Nationwide, payrolls rose 175,000 in February"
Locally, Greensboro remains the hub of the 2nd hungriest Metropolitan Statistical Area in these united states, has the highest unemployment rate of any comparable North Carolina city, a poverty rate of over 21% but ranks #4 in the nation in the number of industrial parks under construction.
Can you say commercial real estate bubble?
Meanwhile the City of Greensboro has $272 Million Dollars in the City savings account and is doing nothing. Well, nothing that is, but subsidizing commercial real estate development with wildly fraudulent incentive packages.
In times of need, the people's money should be put into local circulation through city run jobs programs not entirely unlike the CCCs and WPA of the Great Depression. After all, it is the people's money. Greensboro is burning. Put us back to work, Mayor Vaughan. And if you can't put us back to work then resign and get out of the way so someone else can.
PLEASE SHARE THIS WITH EVERYONE YOU KNOW.
Hat tip, Fec.
