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Sixes For NC

February 5, 2014 Leave a comment Go to comments

The unemployment rate is below 7 percent in North Carolina. It’s dropping faster than any other state and it’s dropping fast.

The drop has been attributed to the fact that NC dropped long term unemployment benefits last summer. So either that forced people to go to work or it forced them to drop out of the work force completely. Probably more of the first thing but some of the second.

Regardless of that, unemployment in the sixes and preferably around six percent is something that Fed Policy Makers, Economists, and Business People have been watching for. It may not mean the economy is back, but it will cause more people to act like it is on the way.

todd@toddkmiec.com

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