NC Unemployment Rate Still at 9.4 Percent

June 15, 2012 at 2:15 pm

The NC Labor and Economic Analysis Division released the latest unemployment estimates today, which showed that there was no change in the unemployment rate in May. It is still at 9.4 percent, despite a decrease in the number of unemployed people by 3,675.  Unemployment remains higher in North Carolina than in the nation, which has an unemployment rate of 8.2 percent.

In previous recessions, the state was able to recover from job losses by this point. As the NC Budget & Tax Center showed in a report last month, the state’s unemployment rate fell further in the Great Recession than any other recession in the past 30 years, and recovery has been much slower.

From “The Greater the Fall, The Tougher the Climb – North Carolina Struggles to Replace Jobs Lost to Great Recession.” http://www.ncjustice.org/?q=node/1400

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Entry filed under: Economic Development, Economy, Jobs & Employment. Tags: , .

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