RSSCategory: Economy

Unemployment fund rebounds, yet jobless rate lags

| November 13, 2015 | 0 Comments

by Laura Leslie, WRAL, November 12, 2015. Gov. Pat McCrory announced Thursday that the state’s unemployment reserve fund has reached $1 billion, its highest level since 2001. That’s a significant improvement over early 2013, when North Carolina businesses owed about $2.5 billion to the federal government for jobless benefits covered by the U.S. Department of […]

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Poor counties, small businesses largely left out of incentives

| October 22, 2015 | 1 Comment

by Tyler Dukes, WRAL, October 22, 2015. New data from the state commerce department shows economic incentive projects designed to lure new jobs continue to land in the state’s wealthiest counties, despite criticism that the strategy is leaving needier, rural areas of the state behind. One of North Carolina’s largest incentive projects also drew critique […]

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Gap widens between N.C. and U.S. jobless rates

| September 21, 2015 | 1 Comment

by Richard Craver, Winston-Salem Journal, September 18, 2015. The gap between the state and national jobless rates widened again during August, with the state rate now at nearly a full percentage point higher. The N.C. Commerce Department reported Friday the state’s rate was 5.9 percent, unchanged from July and down from 6 percent in August […]

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Duke survey: Jobs go unfilled because execs can’t find qualified workers

| September 10, 2015 | 1 Comment

by Rick Smith, WRAL TechWire, September 10, 2015. U.S. job openings are at a record high of 5.8 million, and a new survey from Duke University provides a key reason: Employers say they can’t find workers with required skills for many openings. As a result, employers are planning to boost pay in an attempt to […]

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Novo Nordisk to add nearly 700 jobs in Johnston County expansion

| August 26, 2015 | 1 Comment

by Rick Smith, WRAL TechWire, August 26, 2015. Novo Nordisk is expanding its drug-making presence in Johnston County with a facility that will add at least 691 jobs. The average wage will be $68,420, which is more than Johnston County’s average wage of $34,448. The facility, worth $1.2 billion, will manufacture active ingredients for diabetes […]

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Beer industry says it has a $3.8B impact on state economy

| July 30, 2015 | 1 Comment

by, July 30, 2015. The beer industry says it is big business for North Carolina, boasting in a study released Thursday of a $3.8 billion impact on the state’s economy. The industry has also contributed to more than 26,000 direct jobs (brewing, distribution and retail sales) and generated more than $2 billion in federal, […]

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Ag accounts for one-sixth of N.C. income, jobs

| July 24, 2015 | 1 Comment

by NC State College of Agriculture and Life Sciences, July 20, 2015. Agriculture and agribusiness – food, fiber and forestry — account for one-sixth of North Carolina’s income and employees, according to the latest study from NC State University economist Mike Walden. In calculating value-added incomes for 2013 (the latest year for which figures are available), Walden […]

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Study: N.C. fiscal health has room to improve

| July 8, 2015 | 0 Comments

by Dan Way, Carolina Journal, July 8, 2015. Even though North Carolina ranks behind its four neighboring states in overall financial condition, the state’s fiscal health is mostly sound, said the author of a just-released national study. Eileen Norcross, senior research fellow at the Mercatus Center at George Mason University, authored the center’s annual Ranking the […]

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Surging dollar to blame for blip in ‘Carolina Comeback’

| June 15, 2015 | 0 Comments

by Laura Leslie, WRAL, June 12, 2015. Gov. Pat McCrory frequently touts what he calls the “Carolina Comeback,” the economic recovery over the past two years that has added jobs to the state’s employment rolls. Sate lawmakers routinely credit their tax, regulatory and unemployment insurance reforms with that same recovery. But numbers out this week […]

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Delay on incentives worries former commerce leaders

| April 28, 2015 | 1 Comment

by Tyler Dukes, WRAL, April 28, 2015. Former leaders of the state’s commerce agency warn that the uncertainty over North Carolina’s job incentives programs is affecting the state’s ability to compete with the rest of the Southeast. Gov. Pat McCrory and current Department of Commerce leaders have for months expressed their concerns over the expiration […]

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