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Friday, November 21, 2008

Bad economic news snapshot

Posted by on Fri, Nov 21, 2008 at 1:08 PM

Unemployment is 7 percent in North Carolina, half a percent above the national average, according to October figures released today.

The state could face a budget shortfall of more than $3 billion next year (PDF).

State schools are being asked to cut their budgets by $58 million.

UNC's endowment has lost 13 percent of its value, meaning less money available for financial aid.

More kids are going to bed hungry, with less money available for food stamps.

What do we do now?

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