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

New report: Amazon a top employer of food assistance recipients

Good lord — maybe this is why Amazon ...

Top Stories from NCPW

  • News
  • Commentary

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

This morning, the state Supreme Court will hear oral arguments in the pivotal case of Silver, et al. [...]

These are extraordinary times in the American experiment with representative democracy. In Washingto [...]

Public education in North Carolina has its share of challenges, not the least of which has been the [...]

The post Time to come clean appeared first on NC Policy Watch. [...]

Tax Day in 2018 in North Carolina presents an opportunity to make sure our tax code allows us to mee [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.