In the latest issue of Prosperity Watch, we see how North Carolina’s labor market is experiencing a climbing jobs deficit for fourth straight year, with annual employment growth failing to replace the jobs lost to the Great Recession or keep up with population growth. How hard will it be for the state to climb out of this hole?
Whatever happened to the American ideal that hard work always pays off? In the latest issue of Prosperity Watch, we see our state’s workers making huge gains in productivity—and consequently profits—for their employers, but these productivity gains are not being rewarded in the form of higher wages. Why are North Carolina’s workers getting such a bad deal?
In the newest issue of Prosperity Watch—the Budget & Tax Center’s weekly analysis of key trends and conditions facing the state’s economy—we see how North Carolina’s job creation rates compare to the employment gains of past recoveries at identical points in the business cycle.
In this week’s Prosperity Watch, we chart how North Carolina’s unemployment rate improves from 9.9 to 9.7 percent in March. Unfortunately, this silver lining comes with a seriously dark cloud.
Despite the good news that the state’s unemployment rate dropped to 9.7% in March, this silver lining comes attached to a darkening cloud—the emergence of a two-tier labor market with rapidly growing high-wage and low-wage jobs, and little in between. What’s happening to these middle-wage jobs?
See the newest issue of Prosperity Watch for details….