That was the subject of a recent column by JLF head John Hood, which the Charlotte Observer decided to pick up. A highlight:
Faced with a multi-billion-dollar UI debt, the General Assembly enacted changes last year to bring the state’s benefits more in line with competing states and thus reduce future debt-servicing costs. Under federal rules, that meant that as of July, North Carolina could no longer participate in extended federal benefits.
Critics predicted economic disaster. Some claim to see it now. But that’s not what the evidence shows. From July to November, N.C. employers added nearly 40,000 new jobs.