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NC Budget and Tax Center

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?

NC Budget and Tax Center

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.

NC Budget and Tax Center

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….

NC Budget and Tax Center

Crossposted from Prosperity Watch.

According to new labor market data for released by the Division of Employment Security for February, North Carolina’s economy continues to improve but still faces a long up-hill climb to replace the jobs lost in the Great Recession and to meet the demands of population growth. On the positive side, the unemployment rate dropped for the fifth straight month, from 10.2 percent to 9.9 percent in February. Additionally, labor force participation, a key measure of prime-age workers either currently employed or actively seeking employment, grew by 5,000 in February, following a 17,000 increase in the number of employed workers over the same period. Given that the percentage of the population currently employed improved from 55.6% to 56.7% in February, these data points suggest that the drop in the unemployment rate is genuinely reflecting higher employment in the labor market, and not simply discouraged workers dropping out of the labor force.

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