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Optimism Swells Jobless Ranks in North Carolina.
By Amy Martinez, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
May 31--RALEIGH, N.C.-- Encouraged by an end to the war in Iraq, workers restarted their job searches in April hoping the economic downturn finally was over.
A new report from the state suggests their optimism was premature.
North Carolina's jobless rate shot up to 6.4 percent, seasonally adjusted, in April, as 18,086 more people joined the labor force, the Employment Security Commission said Friday. A month earlier, the seasonally adjusted rate was 6 percent. Only Mississippi posted a bigger percentage gain -- its rate rose 0.5 percentage points to 6.5 percent. …
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