In December 2007, just as the Great Recession started, 62 percent of North Carolina’s working-age population was employed. As of October 2014, employment had fallen to 56.5 percent as measured by the employment to population ratio.
North Carolina is not alone. No state has reached its 2007 employment levels as measured by the employment to population ratio. Four states still have employment levels more than 10 percent below their pre-recession levels while just two states—Texas and Minnesota—have the smallest difference in employment with ratios less than 2.5 percent below December 2007 levels.