BOONE -- Economic activity in Western North Carolina fell by 0.1 percentage points in October, which follows a 0.5 decline (revised) in September and no movement in July and August.
The index of 25 counties includes Alleghany, Ashe, Watauga and Wilkes.
Seasonally adjusted employment for Western North Carolina decreased 0.55 percent in October. The region has lost jobs in 22 of the past 23 months. Statewide adjusted employment fell 0.1 percent in October. The index is down 2.0 over the previous 12 months.
"Rural parts of the region continue to struggle more than the rest of the region, which was the case in the 2001 recession," said Todd Cherry, a co-author of the index and the director of the Center for Economic Research and Policy Analysis at Appalachian State University.
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