What explains North Carolina’s high jobless rate?
What explains North Carolina’s high jobless rate?, Apex Herald, June 2, 2012. Prior to the recession, North Carolina had an unemployment rate near 4.5 percent. At the worst point in the recession, the state’s jobless rate soared to 11.4 percent, tied for seventh highest in the nation. The big question is, why? Dr. Mike Walden, agricultural and resource economics, featured.