This week we will be following up on the State of Working North Carolina report with briefs on specific issues worker’s face in the current economic context. We will highlight here and in those publications the effective policies that can deliver expanded opportunity and shared prosperity for workers and the economy.
Today, we released a brief on long-term unemployment in North Carolina. Nearly half of North Carolina’s workers have been out of work for six months or longer. The more time out of work, the greater the loss in earnings for workers and the greater the strain on the finances of a household. Continued long-term unemployment can also lead to a growth in discouraged workers and a decline in the labor force participation rate–all of which worsen the prospects for sustained economic expansion. Read More