Submitted by Rachel R on Fri, 03/24/2017 - 10:09am
Looking for a job in Wilmington?
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There is good news for the unemployed and underemployed in Wilmington and greater North Carolina area. As of the end of February, North Carolina’s jobless rate was down to 5.1%. Our state added more than 9,100 jobs, and this has boosted employment and hopes for the economic rebound that continues in Wilmington and the rest of the state.
Unemployment Down from Last Month and Last Year
In January 2017, North Carolina’s unemployment rate was 5.3% and is now down two points, according to numbers from the North Carolina Department of Commerce. A year ago in February 2016, unemployment was one-tenth of a percentage point higher than the same month this year in 2017.
A Federal Reserve Bank economist said, “It’s just a very good report for a state economy that seems to be doing very well right now.” In fact, over the past 12 months, North Carolina has seen a gain of more than 76,000 jobs in non-farm sectors. Only two sectors lost jobs last month – information and financial.
Leisure and hospitality led the gains with 3,500 jobs, education and health gained 1,700 jobs, and professional and business services gained 1,200 new jobs. Regarding hard numbers of jobs, a monthly survey showed a net increase of more than 16,600 of those employed compared to the prior month.
What Unemployment Can Do to Your Finances
The Pew Charitable Trusts ran a study on the effect of unemployment, and the results show just how devastating even a short gap between jobs can be if you’re not ready with a financial safety net. If you’re a Wilmington resident who has experienced joblessness, you may have felt some of these ill effects:
Unemployed in Wilmington or Just Back to Work?
Now is a great time to get back into the workforce if you’ve been dealing with long-term unemployment. There are more opportunities now than there have been in years. If you can get back to work, the next thing for newly employed Wilmington residents is to deal with the debt they racked up while out of work. Wilmington, North Carolina bankruptcy can help get you out of debt.
If you’ve recently found a new job, but are still overwhelmed with debt, now is the time to look at bankruptcy. Because the last six months of income are averaged to determine if you qualify for Chapter 7, the most sweeping form of debt relief, filing when you’ve just started back to work may be wiser than waiting for your average income to rise.
To find out more about the debt relief offered by bankruptcy, contact the Law Offices of John T. Orcutt for a free consultation by a bankruptcy attorney in Wilmington. Call +1-833-627-0115 now for a free appointment at one of our locations in Raleigh, Durham, Fayetteville, Wilson, Greensboro, Garner or Wilmington.
Debts Hurt! Got debt? Need help? Get started below!
Serving All of North Carolina
Bankruptcy Attorneys Raleigh NC (North)
6616 Six Forks Rd #203 Raleigh, NC 27615 North Carolina
Tel: (919) 847-9750
Bankruptcy Attorney Fayetteville NC
2711 Breezewood Ave Fayetteville, NC 28303 North Carolina
Tel: (910) 323-2972
Bankruptcy Attorney Durham NC
1738 Hillandale Rd Suite D Durham, NC 27705 North Carolina
Tel: (919) 286-1695
Bankruptcy Attorneys Wilson NC
2215 Nash St N Wilson, NC 27896 North Carolina
Tel: (252) 234-9194
Bankruptcy Attorneys Greensboro NC
2100 W Cornwallis Dr. STE O Greensboro, NC 27408 North Carolina
Tel: (336) 542-5993
Bankruptcy Attorneys Southport NC
116 N Howe St. Suite A, Southport, NC 28461 North Carolina
Tel: (910) 218-8682
Bankruptcy Attorneys Wilmington NC
116 N. Howe Street, Suite A Southport, NC 28461 North Carolina
Tel: (910) 447-2987