NC Jobless Rate Lowest in 10 years

North Carolina’s jobless rate dropped to 4.7 percent in April, the lowest since 2007.

The data, issued by the NC Department of Commerce, shows that NC’s jobless rate fell from 5 percent last year, but increased to 5.3 percent in January before its decline.

NC State University economist Michael Walden told the New & Observer, “The state’s jobless rate fell largely because the labor force shrunk by 5,209 people. The labor force includes workers and job seekers, and a reduction of the pool will reduce the jobless rate even though a shrinking labor force is regarded as unhealthy.”

– Leah Brown, The North Carolina 100