The Transylvania Times -

Unemployment Is Good Parameter


Peter Mockridge in a recent letter took me to task for my letter describing the economy as “tanking,” whereupon he utilized certain “parameters” that he felt were more pertinent to the subject.

I found it indeed interesting that a front page story in the March 15 Transylvania Times was headlined “Transylvania County Jobless Rate Jumps to 11.5 Percent.” That 11.5 percent January rate was up from 10 percent in December. The North Carolina unemployment rate jumped from 9.4 percent in December to 10.4 percent in January.

It seems to me that unemployment rates are a useful “parameter” for assessing economic progress.

Bob Youngerman



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