A new report from WalletHub shows that the number of North Carolinians relying on unemployment has decreased by 11.92 percent since the start of 2020, and 33.76 percent since June of last year. This new data comes following month after month of strong job growth in North Carolina and across the country, as well as low unemployment rates following peaking unemployment during the pandemic.
This drop in unemployment comes after President Biden and Democrats passed the American Rescue Plan – without any votes from Republicans – which Governor Cooper has implemented in North Carolina to help get shots in arms, keep businesses open, and drive economic growth. After bringing unemployment rates down, Democrats have set their sights on cutting costs and lowering inflation, last week passing the Lower Food & Fuel Costs Act in the U.S. House to help lower food and gas prices – a bill that the vast majority of Republicans voted against.
“Before President Biden took office, unemployment claims were at their highest level in decades. Now, more North Carolinians have jobs and fewer are filing for unemployment thanks to President Biden and Democrats’ American Rescue Plan and Governor Cooper’s leadership. President Biden and Governor Cooper are leading an economic recovery that comes from the middle out and the bottom up, creating jobs here in North Carolina, and mobilizing the full force of government to fight inflation. As North Carolina Democrats are making cutting costs and bolstering our economy our top priority, Republicans are more concerned with pushing their unpopular ultra-MAGA agenda,” said NCDP Spokesperson Ellie Dougherty.