RSSCategory: Economy

State jobless rate rises in May

| June 23, 2014 | 0 Comments
State jobless rate rises in May

by Richard Craver, Winston-Salem Journal, June 20, 2014. The state’s unemployment rate reversed course for the first time in 11 months during May, rising 0.2 percentage points to 6.4 percent, the N.C. Commerce Department reported Friday. The monthly report, as has been the case for nearly a year, has a good-news, bad-news element to it. […]

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NC Jobless rate rises in May as 19,000 enter job market

| June 21, 2014 | 0 Comments
NC Jobless rate rises in May as 19,000 enter job market

by John Murawski. Charlotte Observer, June 20, 2014. North Carolina’s jobless rate inched up to 6.4 percent in May as nearly 19,000 job seekers entered the job market in search of work. The uptick in the state’s jobless rate, from 6.2 percent in April, is the first time in two years the monthly rate has […]

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3 companies bring at least 3,900 jobs to South Carolina

| June 17, 2014 | 0 Comments
3 companies bring at least 3,900 jobs to South Carolina

by Eric Frazier, Charlotte Observer, June 16, 2014. hree companies will bring a combined 3,900 new jobs to York and Chester counties, S.C. Gov. Nikki Haley announced Monday in the Palmetto State’s biggest job-recruitment day in recent memory. Two of the companies are Charlotte firms crossing the state line, raising questions about North Carolina’s economic competitiveness. […]

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NC Senate bill for private economic development organization criticized

| June 5, 2014 | 0 Comments
NC Senate bill for private economic development organization criticized

by Richard M. Barron, Greensboro News-Record, June 4, 2014. The N.C. Senate has written a new version of a bill that would turn a division of the N.C. Department of Commerce into a private corporation. The problem is, the bill is too strict — or too lenient — depending which side you’re on. Gov. Pat […]

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Connaughton: Economy to cool slightly in 2014

| June 4, 2014 | 0 Comments
Connaughton: Economy to cool slightly in 2014

by Steve Cranford, Charlotte Business Journal, June 3, 2014. The North Carolina economy should grow at an inflation-adjusted rate of 1.9 percent in 2014, down from 2.3 percent last year, according to UNC Charlotte economistJohn Connaughton. The slowing will stem from monetary policy at the federal level and the impact of baby boomers reaching retirement age. The […]

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Senate votes to eliminate local business taxes

| May 29, 2014 | 1 Comment
Senate votes to eliminate local business taxes

by John Frank, Charlotte Observer, May 28, 2014. RALEIGH To lower local taxes on businesses, state lawmakers may force cities and towns onto a $62 million fiscal cliff. The state Senate on Wednesday voted 37-9 to give preliminary approval to a wide-ranging tax bill that includes a provision to revoke the authority of municipalities to […]

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Median CEO pay crosses $10 million …257 times the average worker pay

| May 27, 2014 | 0 Comments
Median CEO pay crosses $10 million …257 times the average worker pay

by Ken Sweet, Associated Press, published in News and Observer, May 27, 2014. They’re the $10 million men and women. Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 […]

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Triangle jobless rate increases, worrisome trend in the middle

| April 30, 2014 | 0 Comments
Triangle jobless rate increases, worrisome trend in the middle

by David Bracken, News and Observer, April 29, 2014. The Triangle unemployment rate edged up in March despite the region adding 3,700 jobs on a seasonally adjusted basis during the month. The jobless rate increased two-tenths of a percentage point to 5.4 percent, according to data released Tuesday by the N.C. Department of Commerce and […]

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Fate of film incentives in lawmakers’ hands

| April 22, 2014 | 2 Comments
Fate of film incentives in lawmakers’ hands

by Molly Parker, Wilmington Star-News, April 21, 2014. Finding the legislative willpower to extend North Carolina’s film credits so coveted by film supporters in Wilmington, Charlotte and the state’s other TV and movie towns will require the support of legislators from areas less directly affected by the industry. An informal poll of some of those […]

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NC has second largest increase in employment in March

| April 19, 2014 | 0 Comments
NC has second largest increase in employment in March

by Emery Dalesio, News and Observer, April 18, 2014. North Carolina showed the country’s second-largest increase in employment in March, when 19,400 jobs were added and the jobless rate fell to 6.3 percent, the U.S. Bureau of Labor Statistics said Friday. North Carolina trailed only Florida as employers in 34 states increased nonfarm payrolls last […]

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