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