The latest numbers show there are about 418,000 unemployed people across North Carolina this Labor Day. And many of them have been jobless for a long time.
North Carolina’s unemployment rate is 8.9%, one of the highest in the country and higher than the national rate. The state has held this designation for much of the so-called economic recovery.
Mekael Teshome is an Economist with PNC Financial. He says we have to remember, between 2007 and 2010, unemployment rose by 100% nationally but by nearly 150% in North Carolina.