NC Budget and Tax Center

The Missing Piece in the Labor Market Story

Earlier this month, the Budget & Tax Center released a new indicator of how the state’s labor market is faring– and the results are troubling for the future of our state’s workforce.

The labor market currently has a large number of missing workers, according to an indicator developed by the nonprofit, non-partisan Economic Policy Institute and adapted here for North Carolina.  This indicator estimates the number of men and women who would have been working or seeking work if the Great Recession had never happened and job opportunities had remained strong over the last six years.

These missing workers are not reflected in the U.S. or North Carolina unemployment rate.BTC - Missing Workers March 2014

Nationally, the number of missing workers was 5,290,000 in March 2014.  If these missing workers were looking for work, the unemployment rate would be 9.8 percent rather than the official unemployment rate of 6.7 percent.

An even starker pattern emerges for North Carolina, there were an estimated 246,611 missing workers in our state in March 2014. If these missing workers were looking for work, the unemployment rate would be 11.6 percent rather than the official 6.3 percent for March.

An important reason why these workers remain missing from the labor market is the fundamental lack of available jobs.  The job growth that has occurred over the past year has not been sufficient the need for work among the state’s jobless workers and the result is too many workers missing from the labor market.

Check Also

Job announcements still fall short of 16,000 new jobs needed every month in N.C. to get back to pre-Recession levels

The North Carolina GOP released a press release ...

Top Stories from NCPW

  • News
  • Commentary

State Board of Elections & Ethics Enforcement refuses to disclose any details of probe into alle [...]

Senate favors form of merit selection for judges as alternative to House judicial redistricting bill [...]

North Carolinians hoping to find out who’s been funding Rep. Justin Burr’s crusade this legislative [...]

The SePro Corporation is receiving as much as $1.3 million in taxpayer money to chemically kill the [...]

Here is something you probably haven’t heard much lately, if at all, given the shocking news from Ch [...]

Lawmakers to return to Raleigh yet again; agenda may include dangerous “de-reg” proposal The North C [...]

The three federal judges could have just come right out and said it: The Republicans who rule the N. [...]

3---number of states that adopted new state Earned Income Tax Credits in 2017---Montana, Hawaii, and [...]

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