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JLF's Joseph Coletti responds to 11.1 percent N.C. unemployment

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Uploaded by on Jun 19, 2009

Joseph Coletti, John Locke Foundation fiscal policy analyst, responds to the news that North Carolina's unemployment rate has reached 11.1 percent for May 2009. Coletti says now is not the time for tax increases. Learn more here: http://www.johnlocke.org/press_releases/display_story.html?id=485. Video courtesy of CarolinaJournal.tv.

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  • the true unemployment rate (U6) is much higher than 11.1 percent. The private sector isnt creating new jobs. A lot of job seekers are totally disouraged, have retired or are in the underground economy

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