Business & Economy

Business & Economy
4:32 pm
Fri June 17, 2011

NC Unemployment Rate Doesn't Budge

North Carolina's unemployment rate held steady at 9-point-7 percent in May. The rate has been constant for the last three months. The state unemployment figure is more than half a percent higher than the national rate. Larry Parker with the state Employment Security Commission says these numbers are indicative of the sluggish economy.

Larry Parker: "I think what we're seeing is what we've seen over the last six or seven or eight months. the economy is very static right now. there have not been major gains in the job force it is just a very very slow recovery."

Business & Economy
6:00 am
Tue June 14, 2011

Obama: CREE Leading Manufacturing Comeback

President Obama speaks at Cree Inc. in Durham
Credit Brent Kitchen

President Barack Obama is searching for a real fix to the country’s jobs problem.  The White House is quick to say some two million private sector jobs have been created in the past 15 months.  But that’s hardly enough to put a dent in the country’s high unemployment rate.  So the president decided to visit a part of the country where he’s been before – a place that has steadily created jobs in the down economy. That place is Cree Incorporated in Durham.

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Business & Economy
5:30 am
Mon June 13, 2011

Obama Brings Jobs Council to Durham, Raleigh

President Barack Obama has been making the rounds across the country looking for ways to help spur economic growth and job creation.  Today he is scheduled to stop in Durham.

Business & Economy
10:00 am
Thu June 9, 2011

CFO Optimism Not As Strong

Chief Financial Officers are beginning to get nervous again about the economy.  That’s the latest from a quarterly report by Duke University and C-F-O Magazine. 

  Six months ago – C-F-Os were talking about increasing full-time employment by 2-percent over the next year.  Now it’s more like point-seven percent. Kate O’Sullivan is the deputy editor of C-F-O Magazine.  Despite falling optimism, O’Sullivan says things are looking up for people who already have jobs.

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Business & Economy
10:00 am
Tue June 7, 2011

Benefits Restored for Long-term Unemployed

North Carolina’s Employment Security Commission is in the process of re-evaluating extended benefits for thousands of residents.  Some jobless residents are getting back payments thanks to an executive order signed by the governor. 

About 47-thousand jobless residents are getting a second look by the E-S-C. That’s after Governor Bev.  Perdue’s executive order, restoring an extended jobless benefits program for the long-term unemployed. Larry Parker is a spokesman for the E-S-C.   He says as soon as they confirm the status of claimants – money is being disbursed right away.

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Business & Economy
6:00 am
Tue June 7, 2011

Equal Pay Elusive For Women On Campus

Last month, U.S. News and World Report ranked the Durham-Chapel Hill area as the best place in the country for gender equality in the workplace. As one reason, the magazine cited the area’s percentage of highly-educated women. It might seem obvious that the area’s progressive universities are part of the reason… but the truth is, universities are lagging in equal pay for women. 

Nan Keohane was a young, ambitious political science professor at Swarthmore when she got her first taste of gender inequality. 

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Business & Economy
5:35 am
Tue June 7, 2011

Input Sought for West Triangle Transportation

Transportation issues will be the focus of a series of public meetings this week in Durham, Chapel Hill and Hillsborough. State and local officials are trying to deal with clogged roads and highways with plenty of growth still to come. Andrew Henry is a transportation planner for the Durham, Chapel Hill, Carrboro Metropolitan Planning Organization. He says there are at least two answers to the problem.

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Business & Economy
8:36 am
Mon June 6, 2011

Water Report Criticizes Private Companies

A non-profit organization has released a report that claims private utilities are not providing affordable or healthy water to some small communities in North Carolina. The report from Clean Water for North Carolina says private companies charge their customers using a system called single tariff. It allows them to raise rates if they make more investments in water systems. Katie Hicks is the lead author of the report.

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Business & Economy
5:50 pm
Tue May 24, 2011

Rebuilding Starts on Sanford Lowe's Hit by Tornado

A Lowe's home improvement store in Sanford all but leveled by the April 16th tornados will be rebuilt. Construction will begin May 25th at the same site where Lowe's employees rushed customers to safety as the tornados approached. Bob Bridwell is the Director of Planning and Development for Sanford and Lee County.

Bob Bridwell: "Lowes is the symbol of our storm damage here in Lee County. It's also the symbol of our recovery. So seeing this come back to life for the rest of the town I think is extremely important."

Business & Economy
5:45 pm
Tue May 24, 2011

Old is New Again for Cooperative Extension Service

The state extension's division of Family & Consumer Sciences is celebrating 100 years of service. What was first called 'Home Demonstration' and later 'Home Economics' has undergone many changes since 1911. Carolyn Dunn is the state's associate program leader for Family and Consumer Sciences. She says in many ways, the program has come full circle.

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