Commentary, News

The sobering data for small towns in NC just keep on coming

The latest “Prosperity Watch” update from the folks at the N.C. Budget and Tax Center makes clear that if there is any kind of “Carolina Comeback,” it is pretty much bypassing our small towns:

As of September 2015, 22 of the state’s 25 smaller cities and towns known as micropolitan areas continued to have more unemployed people than before September 2007 just before the Great Recession began.

Persistent high numbers of unemployed are occurring even as the unemployment rate declines.  This rate drop masks the range of challenges in weak labor markets including insufficient job creation to meet the growing population, declining numbers in the labor force and the resulting failure of wages for the average worker to increase.

For the state’s micropolitan areas with elevated numbers of unemployed, 17 also continued to experience a lower number of employed.  Of the three areas where the number of unemployed decline, Mount Airy, Rockingham and Laurinburg, the labor force and number of employed also declined over the period.  This demonstrates that a decline in the number of unemployed alone is not sufficient indication of a healthy labor market.

In order to see improvement in the labor markets of micropolitan areas as well as the state, it is important to look for increases in the number of employed, growth or stability in the labor force AND declines in the number of unemployed.

 

Check Also

Desperate for excuses, NC Senate Republican leaders try new ploy to forestall closing Medicaid gap

You’ve got to hand it to North Carolina ...

Top Stories from NCPW

  • News
  • Commentary

Fifty-one duplicate invoices. At least $20,000 in excess payments. And one nonprofit receiving a dis [...]

WASHINGTON -- Sen. Thom Tillis made a stunning reversal on Thursday, declaring he would support Pres [...]

Rainwater monitoring conducted by state environmental regulators show one detection of a type of per [...]

North Carolina lawmakers are debating two proposals that would direct state money to fund long overd [...]

The post Profiles in courage…and cowardice appeared first on NC Policy Watch. [...]

It’s Sunshine Week, and things have never been gloomier for the newspaper industry. This year’s annu [...]

Gov. Roy Cooper is an enormously skilled politician with a top-flight staff and many years of experi [...]

The post For a few dollars more… appeared first on NC Policy Watch. [...]