North Carolina's unemployment rate has fallen dramatically in the past year according to an obscure jobless index issued by the federal government that some say provides the most accurate measure of the economy.
The Bureau of Labor Statistics said that the most recent U-6 index pegs North Carolina's jobless rate at 14.3 percent. That's compared to the state's 8.8 percent jobless rate in June.
The U-6 measure is typically 50 percent higher than the better-known jobless measure issued each month because it includes those who are under-employed and those who got discouraged and stopped looking for work.
A year earlier, North Carolina's U-6 index was at 17.6 percent, close to the record 17.8 percent registered in 2011.
BLS said that the national U-6 index was 14.3 percent for the most recent period, which covers 12 months through June. The lowest was North Dakota (6.2 percent). The highest was Nevada (19 percent).
Unlike standard jobless data that's issued monthly, the U-6 rate is issued four times a year.
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