North Carolina is also facing more structural issues than the nation is. Not only is the state still reeling from the aftermath of the housing boom, which has weighed on employment in construction and financial services, but it is also dealing with the ongoing restructuring of its industrial base. Manufacturers have eliminated 318,000 jobs across North Carolina over the past decade, with many of the losses occurring in the state’s smaller metropolitan and rural areas. When financial services, technology, tourism and construction were booming, many of these displaced workers could be absorbed in other jobs in the Triangle or Charlotte. Today, however, these industries are growing more slowly and displaced workers are remaining unemployed for longer periods of time.
From "North Carolina is Still Well Off Its Glory Days," a report (pdf) by Wells Fargo economist Mark Vitner. Thnx to reader TL for sending it along.
Previously: Welcome to the rust belt.