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Prosperity Watch: State’s employment looking for growth in all the wrong places

Posted By Allan Freyer On October 31, 2012 @ 3:55 pm In NC Budget and Tax Center | Comments Disabled

As seen in the latest issue of Prosperity Watch [1], North Carolina’s persistently high unemployment rate is not only the result of having 3 workers for every available job, but also due to weaknesses in those industries that employ the majority of the state’s workers.  Only a fraction of the state’s employment base is concentrated in industries that are poised for long-term growth and pay decent wages, while the overwhelming majority of North Carolina’s workers are employed in industries experiencing long-term decline–a serious problem for ensuring the long-term economic competitiveness of the state. For details, see this week’s Prosperity Watch [1].

 


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URL to article: http://pulse.ncpolicywatch.org/2012/10/31/prosperity-watch-states-employment-looking-for-growth-in-all-the-wrong-places/

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[1] Prosperity Watch: http://www.ncjustice.org/?q=prosperity-watch-issue-18-no-4-minority-north-carolinas-employment-concentrated-growing-industries

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