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UNC researchers say state jobless rate actually 17.5 percent

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Excerpt from the North Carolina News Network. Click the link to see the entire story:

North Carolina's 9.7 percent unemployment rate may seem bleak, but UNC researchers say the real figure is even worse. Researchers at the Center for Competitive Economies say, when other factors are taken into account, the rate is actually 17.5 percent.

Senior research director Jason Jolley said the state has lost hundreds of thousands of quality jobs that are not easy to replace. He added that the state would have to add 80,000 jobs a year for ten years to replace the jobs that have been lost.Read the full article

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