Cooling labor market is what Fed wants, says economist; Triangle job openings fall again

The ranking of changes in the unemployment rate by state has North Carolina ranked at No. 36. The rankings report pulled data from April federal jobs report numbers, which showed NC’s unemployment rate for April 2023 at 3.4%, a 2.3% decline from March 2023. What do low unemployment rates mean for the economy? An economics professor weighs in.