May 29, 2024 6:31 am
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National News

National Unemployment Rate Drops As Jobs Increase

Credit: iStock

Staff Writer

On Friday, April 7, the Bureau of Labor Statistics published a report which included preliminary national unemployment numbers for March. The national unemployment rate dropped from 3.6 percent in February to 3.5 percent in March.

As the unemployment rate dropped, the nation added 236,000 new nonfarm jobs, on par with previous monthly gains. The largest gains were seen in the leisure and hospitality (72,000), government (47,000), professional and business services (39,000), health care (34,000), social assistance (17,000), and transportation (10,000) sectors.

The full Bureau of Labor Statistics report can be found here

Biden administration touts NC investments to kick off “Infrastructure Week”

The Biden administration’s significant infrastructure investments are transforming North Carolina, highlighted by projects such as the $110 million replacement of the Alligator River Bridge and the $1 billion high-speed rail line connecting Raleigh to Richmond. However, with only 17% of the allocated $1.1 trillion spent to date, the administration faces challenges in demonstrating these impacts to voters before the upcoming November election.

Raleigh City Council approves $5 million for new pilot program to address homelessness

The Raleigh City Council has approved a $5 million pilot program to provide direct rent assistance to unsheltered individuals. The “Unsheltered Homelessness Response Program” allocates $1.9 million for direct subsidies to help individuals move into permanent housing and $2 million to expand housing options, including repairs to city-owned rental units and affordable housing.

Development pressures, higher taxes threaten to displace Black homeowners in SE Raleigh

On a sunny spring afternoon, a predominantly Black crowd gathered at Martin Street Baptist Church in Raleigh to learn about appealing their property taxes, which have soared due to rising property values. With property values in Wake County increasing by 56% from 2020 to 2024, many long-time residents on fixed incomes are struggling to keep up with the higher taxes, leading to widespread concerns about systemic inequities and displacement in historically Black neighborhoods.