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Economist: Why NC’s unemployment rate looks better than it really is (video)

Acclaimed economist Dean Baker says it’s quite simple to explain why North Carolina’s jobless rate has fallen over the last year:

“It’s very clear, people dropped out of the labor market,” explained Baker in a recent Raleigh interview.

Baker joined Chris Fitzsimon on NC Policy Watch’s News and Views last week to discuss why the state’s economy continues to falter, and when we are likely to see employers increase their hiring. Baker also noted that North Carolina’s employment growth is below what many other states are experiencing.

Listen to the full radio interview online, and be sure to read Rob Schofield’s Weekly Briefing: Five basic things you should know about the state of the economy.
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One Comment

  1. Alex

    April 2, 2014 at 6:10 pm

    This is not unique to North Carolina. Nationally, we have the lowest labor participation rate in the last 40 years.