All tagged employment

Labor force shouldn’t be shrinking

North Carolina’s economy has enjoyed a substantial recovery from the depths of the Great Suppression — that is, from the COVID-19 downturn of 2020. Most businesses are back up and operating. So are schools and universities. More employees than ever before are working from home. That’s had positive consequences for worker satisfaction and traffic congestion (although the consequences for productivity are admittedly unclear). State government is flush with revenue. North Carolina’s headline unemployment rate was just 4.3% in August.

North Carolina to Add More Than 300,000 New Jobs Over the Next Decade

More than 300,000 new jobs will be created in North Carolina by 2028, most in service-providing industry sectors, according to new employment projections released by the North Carolina Department of Commerce. Most industry sectors operating in the state are projected to grow, with jobs in both health care and professional, scientific, and technical fields expected to grow the most.

North Carolina’s October county and area employment figures released

Unemployment rates (not seasonally adjusted) decreased in all 100 of North Carolina’s counties in October. Scotland County had the highest unemployment rate at 10.5 percent while Watauga County had the lowest at 4.1 percent. All 15 of the state’s metro areas experienced rate decreases. Among the metro areas, Fayetteville had the highest rate at 8.3 percent while Raleigh and Durham-Chapel Hill each had the lowest at 5.3 percent. The October not seasonally adjusted statewide rate was 6.1 percent.