Well, my home state has reached an all time high. I remember hearing on the news in March that N.C. was borrowing money to pay unemployment benefits, which is quite unsustainable. I can only guess that this borrowing may not end for a while:
All but two sectors of North Carolina’s economy shed jobs and the unemployment rate climbed to 11.1 percent in May, reflecting what the Employment Security Commission described as as “an all-time high” of workers seeking jobs.
The increase came after the unemployment rate had stabilized around 10.7 percent for three months.
According to ESC statistics, nearly 17,500 North Carolinians joined the ranks of the unemployed in May. There were 508,834 people seeking jobs in North Carolina that month.
Seasonally adjusted employment decreased by 28,855 workers to 4,059,416.