NC Commerce

Labor and Economic Analysis Division, Department of Commerce

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Just in time for your Monday mid-morning coffee break, here is a brief review of local and regional news from the Tar Heel State: College towns are high-poverty (but not necessarily poor). . . A backlash in Holly Springs over new development and construction. . . Atlantic Coast natural gas pipeline is one step closer to reality.
  • 18 December 2017
  • Author: Brett Dyson
  • Number of views: 495
The United Census Bureau introduced the 2017 North American Industry Classification System (NAICS) structure this year, as is done every five years. When looking at changes occurring in North Carolina, there are several worth noting.
On September 15, 2017, the Bureau of Labor Statistics (BLS) released the State Employment and Unemployment news release for August 2017. With so many people impacted by the never-ending barrage of storms in the news lately, BLS included the following statement.
What happened in the North Carolina economy in 2016? How did the economy fare compared to the U.S. and previous years? What key trends are emerging since the Great Recession? A new LEAD report looks at several key economic indicators for the state, including population and labor force growth, unemployment and wage trends, industry and GDP changes, and projected employment.
  • 31 August 2017
  • Author: Josh Levy
  • Number of views: 2494
North Carolina releases a list of Top 300 Private Employers, compiled annually, based off the first quarter employment size as reported by the Quarterly Census of Employment and Wage (QCEW) program. The list breaks out employers by manufacturing and nonmanufacturing.
Decline in the labor force participation is an often-discussed topic of the recent Great Recession and its recovery. Numerous demographic factors have played a role in the decline, including the growing number of older Americans and their decreasing labor force participation rates. However, there has been a real effect from the decline of youth employment – primarily youth seeking summer work.[1] This article discusses youth summer employment in North Carolina, and its changes over the past two decades.[2]

[1] If you are interested in understanding youth summer employment on a national level, please read this recent Wall Street Journal article.

[2] Youth is defined as those ages 16 to 23 while working age are ages 24 to 65. Summer employment encompasses June, July, and August. 

This is part one of The State of NC Broadband Series, which addresses broadband adoption rates in general.  The Southeast is not fairing as well as other parts of the United States, and North Carolina's counties have varying degrees of broadband adoption. 

The General Assembly recently authorized a new form of crowdfunding in North Carolina, which is intended to help businesses and entrepreneurs better access capital.  In this post, we explain what crowdfunding is and why it matters to our state’s businesses (and investors).
Which of North Carolina’s regions offer the best prospects for jobseekers?  This article assesses the supply and demand for labor within each of North Carolina’s eight “Prosperity Zone” regions.  
Something is clearly wrong with our labor market when unemployed jobseekers are unable to find work amidst a flood of job vacancies.  Is this a sign of mismatch in the marketplace?  Or might there be other forces at work?  This article introduces several new metrics to help you understand the state of mismatch in North Carolina and the areas of greatest need in our labor market.

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