NC Commerce

Labor and Economic Analysis Division, Department of Commerce

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North Carolina's Workforce Is Maturing as Older Workers Command Higher Salaries
Friday, October 17, 2014

An oft-ignored side effect of an aging workforce is its impact on the average wage. Increasing numbers of workers in North Carolina are now in the prime of their careers and are being compensated accordingly, driving up earnings across the state. But what happens when these mature workers retire and are replaced by younger workers at the lower end of the pay scale? read more ...

How Baby Boomers Are Making Labor Force Participation Rates Go Down . . . and Up
Wednesday, October 15, 2014

While the national labor force participation rate has been declining for the past decade, the participation rate of those aged 55 and older has been on the rise since the mid-1990s. In this post, we address some confusion surrounding declining national labor force participation rates and the role Boomers are playing in that trend, as well as the situation in North Carolina. read more ...

Millennials Approach Boomers as North Carolina’s Largest Cohort
Monday, October 13, 2014

The Millennial generation (persons born 1980 or later) is within reach of surpassing the Boomer generation (those born from 1946 to 1964) as the largest segment of North Carolina’s adult population. As older generations retire from North Carolina’s labor force, this article asks whether younger cohorts will be able to take their place. read more ...

Smooth Sailing or Dead in the Water? Tracking Labor Market Dynamism in North Carolina
Friday, October 10, 2014

Economic growth in North Carolina has progressed at a steady pace since the worst of the Great Recession. However, several data points show that the state’s labor market is growing less dynamic, with fewer workers hopping from job to job and overall hiring and firing activity stuck at unusually low levels. The following article illustrates this troubling trend using data from the Census Bureau and the Bureau of Labor Statistics and explains what implications it might have for the economic health of our state. read more ...

Where Have All the Entrepreneurs Gone?
Thursday, October 09, 2014

Experts around the country have started noting a long-term decline in new business start-ups in the United States. Traditionally a backbone of the American economy, small businesses are being replaced by longer living, older companies.  Is this trend also occurring in North Carolina? read more ...

North Carolina Manufacturing – A Big Fish in a Big Pond
Friday, October 03, 2014

Happy National Manufacturing Day! The American South is often considered a major manufacturing hub of North America. In addition, North Carolina specifically plays a significant role in that regional status. So, in light of today's national spotlight on manufacturing, let’s investigate those claims using some manufacturing output and employment data relevant to both the Southeast and to North Carolina. read more ...

Unemployment Mythbusters (Part 2): Tracking North Carolina's "Labor Force Dropouts"
Thursday, October 02, 2014

Many labor market watchers contend that “discouraged” workers are exiting North Carolina’s labor force, causing the unemployment rate to overstate the extent of the economic recovery. This article demonstrates why this contention is false and how, even after considering discouraged and “marginally attached” workers, North Carolina’s labor market continues to show signs of improvement. read more ...

LEAD Releases August 2014 County Labor Market Conditions
Wednesday, October 01, 2014

North Carolina’s statewide unemployment rate (not seasonally adjusted) for  August increases slightly from previous month. read more ...

North Carolina's August County and Area Employment Figures Released
Wednesday, October 01, 2014

August unemployment rates (not seasonally adjusted) increased in the majority of North Carolina's 100 counties. read more ...

2014 Employer Needs Survey Reveals Hiring Difficulties
Wednesday, October 01, 2014

LEAD recently released the results of the 2014 Employer Needs Survey, a scientific survey of nearly 800 public- and private-sector employers from across the state which sought to identify hiring difficulties, recruitment strategies, and other employer needs. read more ...

NC TOWER — A New Tool for Tracking NC Graduates
Thursday, September 25, 2014

LEAD recently unveiled a new online resource called NC TOWER (Tool for Online Workforce and Education Reporting), which provides data on employment rates, wages, and higher education enrollment for graduates of the North Carolina Community College System and University of North Carolina system schools. read more ...

Unemployment Mythbusters: Separating Fact from Fiction in the Unemployment Rate
Thursday, September 25, 2014

The unemployment rate is the most cited and least understood official indicator of labor market conditions. This post takes on some common myths and explains what the unemployment rate really tells us about the state of the economy. read more ...

Welcome to the LEAD Feed!
Tuesday, September 23, 2014

The Labor & Economic Analysis Division (LEAD) is happy to launch the LEAD Feed, which will deliver timely communication and analysis around a variety of economic and labor market topics drawing on the knowledge and expertise of LEAD staff. It is our goal to meet the need for a timely, accessible means of communication for short, informative articles about economic and labor conditions in our state, the nation, and around the world. read more ...

Russia Bans U.S. Pork Just as N.C.’s Share Rises
Tuesday, September 23, 2014

North Carolina pork producers were making significant gains in exporting to Russia in early 2014 as they complied with new trade restrictions. But yet another import ban on U.S. and E.U. agricultural products could derail that progress. read more ...

Is E-Commerce Really Deleting Traditional Storefronts?
Tuesday, September 23, 2014

Are traditional brick-and-mortar storefronts becoming a thing of the past? If you're a reader of the Wall Street Journal, you may have recently run across news headlines like these proclaiming the demise of traditional retailers: Shoppers Are Fleeing Physical Stores, The Great Mall Exodus, and Macy's Confronts the Crisis of the American Mall. So is this true? And more importantly, is this happening in North Carolina? read more ...

North Carolina’s August Employment Figures Released
Friday, September 19, 2014

The U.S. and North Carolina's July unemployment rates increase slightly. read more ...

Read North Carolina Labor Market Conditions for August
Friday, September 19, 2014

North Carolina's private sector employment grew over the month by 4,000 (0.1%) and 94,300 (2.8%) over the year. read more ...

LEAD Releases September 2014 Edition of NC Today
Friday, September 19, 2014

In this month's report, North Carolina's August employment figures and industry growth are highlighted. read more ...

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