nc economy

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Lack of child care is a billion-dollar problem for the NC economy

June 17. A statewide report estimates that insufficient child care availability is costing North Carolina $5.65 billion in lost economic activity each year. The U.S. Chamber Foundation, in partnership with the NC Chamber Foundation and NC Child, commissioned a survey of 517 North Carolina parents with children under the age of six. Survey results were […]

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NC unemployment picture better than much of the US

June 11. Unemployment claims in North Carolina last week were 8.28 percent lower than in the previous week and 10.78 percent lower than last year, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Increasing the Most. In that regard, North Caroliina is near the bottom of the list, and that’s a […]

In-migration: People are moving to North Carolina in droves

Why are so many people moving to NC, plus nine other states?

June 6. Based on recent data from Forbes and Click Storage, the top 10 states Americans are moving to are Texas, Florida, South Carolina, North Carolina, Georgia, Tennessee, Nevada, Maine, Delaware, and Idaho. Each one offers unique attractions and benefits that make them appealing destinations. Karl Graham from Click Storage analyzed why the Top 10 […]

NC jobless rate holds steady at 3.5%

May. 17. The state’s seasonally adjusted April 2024 unemployment rate was 3.5 percent, unchanged from March’s revised rate. The national rate increased 0.1 of a percentage point to 3.9 percent. North Carolina’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people employed increased 1,200 over the month to […]

Unemployment by the numbers

Jan. 8. Unemployment rates increased in 39 of North Carolina’s 100 counties in November 2023, decreased in 17, and remained unchanged in 44. Scotland County had the highest unemployment rate at 5.9 percent while Buncombe and Swain Counties each had the lowest at 2.6 percent. Mecklenburg County’s jobless rate came in at 3.3 percent, while […]

NC: $12.9 billion in new capital investment

NC eco-devo win: 14,100 new jobs and billions in investment in 2023

Dec. 19. North Carolina landed 14,114 new jobs in 2023, representing 134 business recruitment, expansion and rural development projects worth $12.9 billion of capital investment into the state. Of note: Clean energy businesses are transforming the state’s economy. “North Carolina has seen historic economic growth and development in the last few years including our rural […]

Manufacturing Week in NC

NC manufacturing by the numbers

Oct. 4. With the eighth-largest manufacturing economy in the United States, and the largest manufacturing workforce in the southeast, manufacturing remains essential to the success of every sector of North Carolina’s economy. Here’s a look at manufacturing in North Carolina as Manufacturing Week gets under way. Number of NC manufacturers: 11,000 Multiplier effect: For every […]