Commentary, News

Fewer employed workers, lower wage jobs: why NC’s recovery is cause for concern (video)

Seven years after the Great Recession began, North Carolina’s recovery has been largely been limited to urban areas of the state. A new report by the NC Budget & Tax Center finds that wages and salaries have also been remarkably flat.

For a better understanding of North Carolina’s lackluster economy, be sure to read Chris Fitzsimon’s Monday numbers column.

You can also listen to Fitzsimon’s weekend radio interview with BTC economic analyst Patrick McHugh. McHugh explains while the worst of the Great Recession may finally be behind us, the lingering damage continues to weigh down communities and families across the state.

McHugh notes that many of the good paying careers have been replaced by low-paying jobs that have hampered mobility and prompted consumers to scale back their spending.

Click below for an excerpt from Fitzsimon’s radio interview with McHugh or here for the full podcast.

6 Comments


  1. LayintheSmakDown

    March 30, 2015 at 2:34 pm

    As if it is just NC hurting. Employers are not hiring because the Obamaconomy is terrible, and they know the government is just waiting for the next oppressive regulation. Not to mention Obamacare has made it more favorable to hire part time workers and have them work fewer hours than in the past. Good ol’ progressive dreams are being realized.

  2. Carolyn Haywood

    March 30, 2015 at 4:14 pm

    When you make such dire claims about the national economy, you should provide a reliable source. Your opinions are worth nothing.

  3. LayintheSmakDown

    March 30, 2015 at 6:09 pm

    All you have to do is read the news on Google, as if I have to make citations and cliffs notes. If only you held the progressive view to a similar standard. Just check out sites that are plugged into the economy such as the WSJ and you will quickly find what the economic reality is.

  4. Alan

    March 30, 2015 at 6:36 pm

    LSD and reality…it’s funny when you put both of them in a sentence.

    Never let actual facts get in the way of your endless crazy talk…Look out LSD, is that the Republican sky falling in?

  5. Lucinda Gainey

    March 31, 2015 at 9:57 am

    Google News does not support LDS’s claims:

    The government reported Monday morning that consumer spending rose just 0.1 percent, less than economists had expected. Taking away inflation, real spending actually fell a point. But incomes, including wages and salaries, rose relatively strongly. The combination of growing incomes but declining spending caused the savings rate to surge to 5.8 percent, the highest since December 2012.
    Mark Zandi of Moody’s Analytics, which compiles the survey for CNBC, slashed his own forecast by half a point and is now predicting just 0.6 percent growth in the first quarter.

    “The economy hit an air pocket in the first quarter, with growth largely stalling out,” Zandi told CNBC. “Consumers have been surprisingly cautious spenders in recent months. But this shouldn’t last long. Consumers will soon get their groove back, supported by the strengthening job market, near record stock prices, sturdy house price gains and gasoline savings.”

  6. Alan

    March 31, 2015 at 6:16 pm

    Nothing supports LSD’s claims. He simply types what his paymasters tell him to, regardless of facts.

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