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NC Budget and Tax Center

As policy makers consider reforms to the state’s unemployment insurance program, the latest issue of Prosperity Watch provides some sobering news. Despite an improving national economy, North Carolina’s labor market continues to struggle, as the state’s unemployment rate remains stuck above 9 percent and the jobs deficit continues to grow. Given these trends, it is clear that the problem facing North Carolina’s workers is the lack of available job openings–a fact with significant implications for the unemployment insurance reform debate. See the latest issue of Prosperity Watch for details.

NC Budget and Tax Center

During the Thanksgiving holiday, Americans have traditionally celebrated the abundance long believed to be hallmark of our national experience. As the latest issue of Prosperity Watch makes clear, however, that abundance is increasingly concentrated in fewer and fewer hands in North Carolina. Income inequality has exploded in the state, leaving North Carolina with one of the greatest gaps in the nation between those at the bottom in terms of income and those at the top.  For more details on the drivers behind our state’s exploding income inequality, see the most recent Prosperity Watch.

NC Budget and Tax Center

As seen in the latest issue of Prosperity Watch, 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.

 

NC Budget and Tax Center

Income inequality in America has been building for decades. Just last year, income inequality set a  modern record—and the roots of the problem are the jobs deficit, the acceleration of low-wage jobs, and the tax code. As discussed in the latest issue of Prosperity Watch, income inequality is widespread and growing in North Carolina, with the top fifth of households holding over half of all state income. For more details, visit Prosperity Watch.

NC Budget and Tax Center

We are entering a season of intense debate over the challenges facing North Carolina.  As discussed in the latest issue of Prosperity Watch, the new jobs numbers released by the NC Division of Employment Security last week confirmed what North Carolina’s workers have known from first-hand experience—the state is just not experiencing enough job creation to keep pace with the demands of its growing population. Dealing with this problem is one of the defining challenges of our time and presents a clear call for concrete policy solutions.  For more details, visit Prosperity Watch.