Discover and read the best of Twitter Threads about #NCeconomy
Most recents (12)
1/ In the week ending 8/22, North Carolina received 12,880 initial claims for regular state #UnemploymentInsurance, down from 17,388 the week before. A year ago, the total number of initial claims was 2,877. #NCeconomy
2/ Additionally, North Carolina received 8,261 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 10,360. (NC began accepting PUA claims on 4/24.)
3/ And, last week, North Carolina received 185,146 continuing claims for regular #UnemploymentInsurance, along with 168,171 continuing claims for PUA. #NCeconomy
1/ In the week ending 8/15, North Carolina received 16,607 initial claims for regular state #UnemploymentInsurance, up from 14,328 the week before. A year ago, the total number of initial claims was 3,014. #NCeconomy
2/ Additionally, North Carolina received 10,360 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 8,620. (NC began accepting PUA claims on 4/24.)
3/ And, last week, North Carolina received 211,677 continuing claims for regular #UnemploymentInsurance, along with 10,360 continuing claims for PUA. #NCeconomy
1/ In the week ending 8/8, North Carolina received 13,635 initial claims for regular state #UnemploymentInsurance, down from 16,503 the week before. A year ago, the total number of initial claims was 3,158. #NCeconomy
2/ Additionally, North Carolina received 8,602 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 12,205. (NC began accepting PUA claims on 4/24.)
3/ Last week, North Carolina received 234,405 continuing claims for regular #UnemploymentInsurance, along with 192,247 continuing claims for PUA. #NCeconomy
1/ In the week ending 8/1, North Carolina received 17,402 initial claims for regular state #UnemploymentInsurance, down from 26,402 the week before. A year ago, the total number of initial claims was 3,371. #NCeconomy
2/ Additionally, North Carolina received 12,205 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 18,790. (NC began accepting PUA claims on 4/24.)
3/ Last week, North Carolina received 273,519 continuing claims for regular #UnemploymentInsurance, along with 220,671 continuing claims for PUA. #NCeconomy
1/ In the week ending 7/25, North Carolina received 26,141 initial claims for regular #UnemploymentInsurance, down from 29,204 the week before. A year ago, the total number of initial claims was 3,105. #NCeconomy
2/ Additionally, North Carolina received 18,790 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 19,821. (NC began accepting PUA claims on 4/24.)
3/ Last week, North Carolina received 308,295 continuing claims for regular #UnemploymentInsurance, along with 209,510 continuing claims for PUA. #NCeconomy
1/ Rule of the day: before you claim that the supplemental $600/week #UnemploymentInsurance payment authorized by the #CARESAct made people reject job offers in favor of staying at home, please learn how state systems actually work. #ExtendUI
2/ In most states, including North Carolina, a UI claimant who is recalled to work & refuses to go back typically is disqualified from ANY further benefits. There are some good cause exceptions tied to #COVID19 , but they are narrow & require the claimant to make a case.
3/ And a claimant who refuses an offer of "suitable work" also typically is disqualified for any further benefits. Suitable work is based (partly) on the person's prior earnings. Again, there may be some COVID-related exceptions. des.nc.gov/need-help/covi…
1/ A timely call from @NC_Governor on Congress to extend the $600/week supplement to #unemploymentinsurance authorized by the #CARESAct. In NC, this week currently is the last one for which the supplement is payable.
2/ According to @NCDES, some 800,000 people in North Carolina have received the $600/week supplement known as Pandemic Unemployment Compensation (PUC) since March 15. That is almost as many people as live in Charlotte, which is the state's most populous city.
3/ Since March 15, according to @NCDES, a total of $6.3 billion has been paid out in #unemploymentinsurance compensation here in NC. The PUC program is responsible for $4.3 billion of that amount (68% of the total).
1/ In the week ending 7/18, North Carolina received 26,323 initial claims for regular #UnemploymentInsurance, up from 28,108 the week before. A year ago, the total number of initial claims was 3,264. #NCeconomy
2/ Additionally, North Carolina received 19,821 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 20,563. (NC began accepting PUA claims on 4/24.)
3/ Last week, North Carolina received 319,057 continuing claims for regular #UnemploymentInsurance, along with 197,123 continuing claims for PUA. #NCeconomy
1/ In the week ending 7/11, North Carolina received 26,861 initial claims for regular #UnemploymentInsurance, down from 27,937 the week before. A year ago, the total number of initial claims was 3,397. #NCeconomy
2/ Additionally, North Carolina received 20,563 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 23,606. (NC began accepting PUA claims on 4/24.)
3/ Since the roll out of the PUA program, the number of new PUA claims in North Carolina has rivaled the number of initial claims for regular benefits. This illustrates how many workers normally are excluded from the regular program. #NCeconomy #ncpol
1/ In the week ending 7/4, North Carolina received 27,202 initial claims for regular #UnemploymentInsurance, down from 29,580 the week before. A year ago, the total number of initial claims was 2,679. #NCeconomy
2/ Additionally, North Carolina received 23,606 initial claims for the new Pandemic Unemployment Assistance (PUA) program, which covers certain workers normally ineligible for unemployment insurance. The figure a week earlier was 27,134. (NC began accepting PUA claims on 4/24.)
3/ Since the roll out of the PUA program, the number of new PUA claims in North Carolina has rivaled the number of initial claims for regular benefits. This illustrates how many workers normally are excluded from the regular program. #NCeconomy #ncpol
1/ New estimates from @BEA_News show that North Carolina's inflation-adjusted GDP dropped to $505.9 billion from $512.6 billion between 2019.q4 & 2020.q1. #NCeconomy bea.gov/data/gdp/gdp-s…
2/ As a reminder, GDP by state reflects the "market value of goods and services produced by the labor and property located in a state." GDP statistics provide the most comprehensive gauge of economic activity in a given location.
3/ Between 2019.q4 & 2020.q4, inflation adjusted GDP in North Carolina fell by 1.3%. If the observed decline in the quarter were to continue for a full year, inflation-adjusted GDP in the state would decline by 5.1%. (Think of it like a compound interest rate.)
1/ Can't say how frustrated I am every time even good outlets like @WRAL & journalists like @cullenbrowder fail to note that North Carolina's #UnemploymentInsurance system is struggling due to 1) deliberate political choices & 2) systematic disinvestment. bit.ly/2O1JTBE
2/ The COVID-19 crisis has sparked an unprecedented number of claims in a short window, what with @NCCommerce reporting that it received 1.7m claims from 1.1m people between 3/15 & 7/2. Yet the system would have struggled to handle a claims volume similar to the 2008 recession.
3/ Why? As @ncbudgetandtax has noted, the state stopped providing administrative funding to the agency in SFY 2013. This forces the system to rely entirely on a limited, woefully outdated federal funding source that Congress has allowed to atrophy. ncjustice.org/publications/u…
