No credit card required. So we should always be open to the possibility that employment and GDP statistics will undergo significant revisions in the future. North Carolina’s labor-force participation is down 3.9 percentage points. QuickFacts North Carolina.
By continuing to use this website you agree to the use of these technologies. This was mostly a statistical artifact, not a major improvement in the state’s labor market. North Carolina’s gross state product (GSP) in 2019 reached $508.6bn, … For some, their employers or their own small businesses have gone bankrupt. Perhaps North Carolina’s second-quarter GDP growth will turn out much better. The vintage year (e.g., V2019) refers to the final year of the series (2010 thru 2019). Now let’s look at employment itself. LEARN MORE, Rank out of 50, 1 = highest economic exposure. I was in the middle of a jo…, RALEIGH — I have repeatedly criticized Roy Cooper’s troubling efforts to amass power in the governor’s office at the expense of other elected …. With that caveat in mind, however, our state’s performance still lags the regional average, although not by as much. In February, 61.6% of North Carolinians at least 16 years of age and not living in some kind of institution were participating in the labor force. North Carolina GDP fell 5.1% during the first quarter. That is, they were either employed or actively looking for a job. Agriculture remains a small but important component of the state’s economy, although the number of people it employs continues to decline. Please subscribe to keep reading. But first, please just give a thought, and say a prayer, for the North Carolinians who are suffering. Taking an accurate temperature of any economy is always a challenging task — and COVID has made it more so in a number of ways. This survey has a much-larger sample size and produces more stable results. COLUMN: State economic recovery is sputtering. The dilemma is easily understood, but not so easy to resolve: How to educate students in a pandemic? While the government counted about 100,000 fewer North Carolinians as unemployed last month, only 28,000 got jobs. In 2011 the civilian labor force was at around 4.5 million with employment near 4.1 million. This website uses cookies to improve your user experience while you navigate through the website.
Some estimates presented here come from sample data, and thus have sampling errors that may render some apparent differences between geographies statistically indistinguishable. Total nonfarm employment for the Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area stood at 744,600 in June 2020, down 7.6 percent over the year. The other 11 states in the Southeast all had smaller declines. The economy of North Carolina covers 15 metropolitan areas. Overview of the North Carolina Economy The state of North Carolina has a population of 10,488,084 and annual population growth of 1.1% over the five years to 2019 which ranks 11 out of all 50 US states. In August, that rate was 57.5%. The most-recent measure of gross domestic product (GDP) by state was for the first quarter of 2020, which includes only the initial month of COVID impact (March). SPIN,” broadcast statewide Fridays at 7:30 p.m. and Sundays at 12:30 p.m. on UNC-TV. Get up-to-the-minute news sent straight to your device. North Carolina includes the following metropolitan areas for which an Economy At A Glance table is available:. Too often, the opposite is true for athletes, entertainers and p…, Back in 1984 when I was running for Congress, I ran into older people who explained why they could not support me, saying, “I didn’t leave the…, My parents and I walked down the hospital corridor to the room where my Grandpa had taken his last breath of life.
That’s worse than in Georgia (4.7%), South Carolina (4.8%), Virginia (3.8%), and the Southeast as a whole (5%), but better than Tennessee’s 6.2% drop. Population estimates, July 1, 2019, (V2019), Population estimates base, April 1, 2010, (V2019), Population, percent change - April 1, 2010 (estimates base) to July 1, 2019, (V2019), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2014-2018, Median value of owner-occupied housing units, 2014-2018, Median selected monthly owner costs -with a mortgage, 2014-2018, Median selected monthly owner costs -without a mortgage, 2014-2018, Living in same house 1 year ago, percent of persons age 1 year+, 2014-2018, Language other than English spoken at home, percent of persons age 5 years+, 2014-2018, Households with a computer, percent, 2014-2018, Households with a broadband Internet subscription, percent, 2014-2018, High school graduate or higher, percent of persons age 25 years+, 2014-2018, Bachelor's degree or higher, percent of persons age 25 years+, 2014-2018, With a disability, under age 65 years, percent, 2014-2018, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2014-2018, In civilian labor force, female, percent of population age 16 years+, 2014-2018, Total accommodation and food services sales, 2012 ($1,000), Total health care and social assistance receipts/revenue, 2012 ($1,000), Total manufacturers shipments, 2012 ($1,000), Total merchant wholesaler sales, 2012 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2014-2018, Median household income (in 2018 dollars), 2014-2018, Per capita income in past 12 months (in 2018 dollars), 2014-2018, Total employment, percent change, 2017-2018, Longitudinal Employer-Household Dynamics (LEHD).
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