Uncategorized

Unemployment Up in NC since Last Year, Even as it Declined Nationally

Cross-posted on Prosperity Watch

In November of 2010, North Carolina’s unemployment rate fell to 9.8 percent, the first time in nearly three years that North Carolina’s unemployment rate did not exceed the national rate.

One year later, the US unemployment rate fell in November to 8.6 percent. The most recent estimate for North Carolina, from October, put the state unemployment rate at 10.4 percent.

 

 

 

 

 

 

 

 

 

 

 

 

 

What happened over the past year that caused North Carolina’s unemployment rate to rise even as the national unemployment rate fell?

The unemployment rate is defined as the number of unemployed workers as a share of the total labor force. (The labor force is the sum of employed persons plus unemployed individuals who are actively seeking work.) For the unemployment rate to fall, either the number of unemployed workers must decrease or the size of the labor force must increase.

Nationally, the unemployment rate fell over the past year because the number of unemployed workers fell even as the size of the labor force remained essentially the same. In North Carolina, the unemployment rate rose over the past year because the size of the labor force increased faster than the economy created jobs, thus increasing the number of unemployed workers.

Because North Carolina’s labor force is growing, the state’s economy must create jobs at a faster pace than the country as a whole to bring the state’s unemployment rate down towards the national rate.

One Comment


  1. Nonanonymous

    December 6, 2011 at 5:32 am

    The national rate isn’t going down, 350,000 left the work force. The BLS rates lie, the CPI lies. The middle class hasn’t had a pay raise in three decades while the top 1 percent has seen 300% increases.

    I should qualify that, haven’t seen a pay raise in three decades, if you have a job.

    Austerity is going to go over real well, here. It’s either going to be welcome to 1984, or we’re going to see some Libertarian reforms. That’s not austerity, for those of you keeping score.

Check Also

Some of Obama Administration’s Proposed Tax Changes Lay Groundwork for Federal, State Reform

This blog post is one in a series ...

Top Stories from NCPW

  • News
  • Commentary

The UNC Board of Governors is holding its last meeting of 2017 Friday, where the latest of its many [...]

Just south of Candler off the Pisgah Highway is a lovely piece of property on Little Piney Mountain [...]

Veteran North Carolina education policy expert Kris Nordstrom has authored a new and vitally importa [...]

When Joni Robbins, a section chief in the N.C. Department of Public Instruction, closes bidding next [...]

“All speech is free, but some speech is more free than others.” This seems to be the motto of the cu [...]

Trumpists prepare to raze another vital common good law It’s hard to keep up these days with the flo [...]

The post That’s how ‘Humbug’ is done appeared first on NC Policy Watch. [...]

The solid citizens of Johnston County, N.C. – in a fateful quirk of geography – for several years ha [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more