Earlier today North Carolina’s April employment figures were released. The state’s seasonally adjusted unemployment rate declined to 4.4 percent, down .1 of a percentage point from the March rate of 4.5 percent. In addition, the April 2018 rate is down .2 of a percentage point from the April 2017 unemployment rate of 4.6 percent.
North Carolina’s April unemployment rate still lags slightly behind the national unemployment rate of 3.9 percent, the lowest rate since 2000.
The total number of people employed in North Carolina in April increased 9,100 to 4,762,284. Most of the job gains were in manufacturing and professional and business services.
Since April 2017, 84,100 nonfarm jobs have been added in North of Carolina.
This is all good news — most of which you are not likely to hear from the local and national media. Still, it’s yet more evidence that prudent state spending and significant tax reform is the best recipe to grow an economy and create jobs.