North Carolina Recovers Jobs Lost During Great Recession

Press Release

Governor Pat McCrory issued the following statement after North Carolina's unemployment rate fell to 6.3 percent. That represents a 1.2 point drop from October 2013 and is 2.5 points lower than January 2013 when the governor entered office.

"North Carolina has now recovered all of the jobs lost during the recession," said Governor McCrory. "We will remain focused on long-term job creation because North Carolina will continue to attract people and businesses because of the improvements we've made to the business climate and quality of life through tax reform and investments in areas such as education."

In October, 4,183,900 people (nonfarm, seasonally adjusted) were employed in the state, which exceeds the pre-recession high of 4,174,500 in February 2008. North Carolina experienced 24 months of continuous employment decline until the number of people employed bottomed out at 3,839,200 in February 2010.

"We will reach another employment milestone soon when North Carolina employers pay off the federal unemployment insurance debt that at one time exceeded $2.5 billion," Governor McCrory said. "Once that debt is paid, employers will have the capital and stability to make even more job-creating investments. Achieving these milestones was not easy, but we will continue to make the tough decisions that will lead to a more prosperous North Carolina."

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