Fewer jobless; anxiety steady (NC)

[ccharles000]

http://www.newsobserver.com/2010/05/22/494766/fewer-jobless-anxiety-steady.html



North Carolina's unemployment rate dropped for the second month in a row to the lowest level in a year, but economists caution that the recovery has just begun.

In April, the state rate dropped to 10.8 percent, down from 11.1 percent in March, according to new figures released Friday by the N.C. Employment Security Commission. That's still well above the national average of 9.9 percent.

"The strong improvement we've seen is genuine, but it's exaggerated," said Mark Vitner, senior economist for Wells Fargo in Charlotte. "I think the road to recovery is going to have a few potholes in it."

[tonysam]

1. Whoop-dee-do

The economy is nowhere NEAR "recovering" if we have millions upon millions of people out of work.