Missing Workers, NC Budget and Tax Center

Missing workers update: July 2014

Yesterday’s release of the latest labor market numbers for July 2014 continues to show a slow recovery of jobs in North Carolina. Job growth, while occurring, is insufficient to ensure that the state’s growing working age population has employment opportunities. North Carolina has still not replaced the nearly 300,000 jobs lost during the Great Recession. In fact, the state’s job creation over the year (2.1 percent) is not significantly different than that for the nation (1.9 percent) over the same period. The state’s jobs deficit also remains high at 470,000, and at the current annual rate of job creation will require five years to close.

In this context, here is the missing workers update for July 2014: there still remain more than 256,000 North Carolinians who are missing from the labor force.  These are folks who would be seeking employment if job opportunities were stronger. If these workers were counted in the unemployment rate, that rate would be 12 percent rather than the official unemployment rate for July 2014 of 6.5 percent.

BTC - Missing Workers July 2014

Check Also

Statement on the Passage of the Income Tax Cap Proposal

The passage of Senate Bill 75, proposing a ...

Top Stories from NCPW

  • News
  • Commentary

Litigation over the November election ballot is not likely to end anytime soon, but absentee by-mail [...]

For the first 50-odd years of his life Rusty Goins was healthy and hale, a strapping man who never s [...]

Wake County judge rejects legislature's last-minute rule change on candidate party affiliation [...]

Earlier this month, the youth-led group Triangle People Power held a showing of “The Bail Trap,” a d [...]

North Carolina made history again Monday, the not-so-bad kind. If you were in earshot of Raleigh Mon [...]

A summer of hectic twists and turns has made it increasingly clear: The North Carolina General Assem [...]

The highest profile public policy debate in North Carolina in the summer of 2018 revolves around the [...]

The post Ship of State in a bottle… appeared first on NC Policy Watch. [...]