- The Progressive Pulse - https://pulse.ncpolicywatch.org -

Change of administrations comes amid longest run of growth in modern U.S. history, but also fundamental economic challenges

Depictions of the North Carolina economy range from overly rosy to falsely apocalyptic, but the reality falls squarely in the middle, according to labor market data released today. The final state-level economic readings for 2016 show a decidedly mixed economic picture.

“These have not been the best of times, but they haven’t been the worst of times either,” said Patrick McHugh, policy analyst with the Budget & Tax Center, a project of the NC Justice Center. “The United States has experienced the longest period of a national economic expansion in generations over the last six-plus years. But growth has been modest, wages are just starting to improve, and some communities have never fully recovered.”

The December labor market data underscore a number of important economic realities, including:

For more context on the economic choices facing North Carolina, check out the Budget & Tax Center’s weekly Prosperity Watch [2] platform.