North Carolina employers shed 616,000 jobs in March and April, according to the latest establishment survey from the Bureau of Labor Statistics. That’s a decline of 13% in just two months. Our labor-market collapse will look even worse when BLS releases its May survey in a few weeks.
Why should I have to wear one? It’s an imposition, and it is a little uncomfortable. Besides, I’ve heard that it does little good. And people say that it’s just another example of our big brother government trying to impose its will on us and take away our freedom.
Over the first two months of the coronavirus crisis, our labor-market cratered. The number of employed North Carolinians dropped by 820,000, or 17%. Only 56.3% of working-aged residents were either employed or actively looking for jobs. That’s the lowest rate of labor force participation in modern times.
This is Memorial Day weekend. Usually it’s a time for heading the beach or lake for the unofficial start of summer. But this year is different. The coronavirus has changed many plans for the holiday weekend, although the beaches seem to be about as crowded as ever. But it’s also a good time to remember what the holiday is really about. And to thank a veteran. And Memorial Day reminds me of one my favorite veterans, Mr. Paul Holland.