Why has North Carolina’s unemployment rate ranked among the nation’s highest since the latest national economic downturn? N.C. State University economist Michael Walden points to two major factors: the state economy’s heavy reliance on manufacturing and North Carolina’s high in-migration rate.
Walden researched those factors and others affecting unemployment throughout the 50 states. He discussed his findings during a presentation today to the John Locke Foundation’s Shaftesbury Society. In the video clip below, Walden explains how North Carolina might have fared if its manufacturing sector and in-migration rates matched national averages.
1:40 p.m. update: Click play below to watch the full 39:45 event.
You’ll find other John Locke Foundation video presentations here.