Significant job loss during the Great Recession has resulted in persistently high unemployment rates and long-term unemployment in communities across the state. Some regions of the state, like former manufacturing towns and rural communities, have been particularly hard hit because the recent job loss compounds the economic transformation that has only made worse the ongoing loss of jobs. Unemployment, and particularly long-term unemployment, has been associated with a host of negative financial, family and health problems.
The worst possible outcome of long-term and high unemployment is the potential for people to become “discouraged”—to drop out of the labor market completely due to frustration with the lack of job opportunities. National studies have found that this is happening across the country. North Carolina’s labor force participation declined by almost 2 percent since the formal end of the Great Recession in June 2009. Read More