Growth, Business Cycles, and the Great Recession: Comparing State and County Unemployment Costs Per Capita for North Carolina

Abstract

The Bureau of Economic Analysis provides data from 1969 to 2016 regarding state-level and county-level unemployment costs. These data are used to construct least-squares estimations including linear growth, the persistence of business cycles, and the unique anomaly of the Great Recession. Each of these models is constructed for North Carolina data, including the state as a whole and each individual county in the state. The state and county models are compared for differences and insights.