It takes a while for reputations to catch up to facts. North Carolina showed up again as the second-best* state for business in a poll of CEOs who are likely more focused on how to survive than where to expand. Meanwhile the state in February had a record high unemployment rate of 10.7 percent in February, the largest year-on-year increase of any state, and fourth highest behind just Michigan (12.0%), South Carolina (11.0%), and Oregon (10.8%).

*Corrected rank