With the release last month of the latest labor market figures, the Budget & Tax Center has updated as well its estimate of the number of missing workers in North Carolina’s labor market. This measure estimates the number of workers who would be in the labor market, looking for work, if job opportunities were stronger. In June 2014, the number of missing workers remained elevated at 241,445. If these workers were counted in the unemployment rate, that rate would be 11.5 percent rather than the official 6.4 percent for that month.
In combination with the state’s persistent jobs deficit, the missing worker measure points to a still weak labor market with too few jobs for those who want to work.