... at least when a local environmental economist is quoted in the paper:
The Triad’s unemployment rate reached a six-month low of 4.5 percent in April, the N.C. Employment Security Commission reported yesterday.
But local economists and employment officials said they don’t believe that the rate will fall much lower in the near future. The March unemployment rate was 4.6 percent.
...
Considering the economy actually has been a little more sluggish, I would have thought that the rate would have gone up,” said Todd Cherry, an economics professor at Appalachian State University.
"It appears that in the current economy, we’re not likely to get much below 4 percent in the unemployment rate. Many employers are still uncertain about the key fundamentals that tell them when it’s right to add staff.”
Note: the Triad is the closest MSA to Boone, NC. It consists of Winston-Salem, Greensboro and High Point.
