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Perhaps our labor markets will look much healthier by October or November than they do right now. North Carolina GDP fell 5.1% during the first quarter. But first, please just give a thought, and say a prayer, for the North Carolinians who are suffering. It would buzz, pause, buzz, pause, and buzz again.

SPIN,” broadcast statewide Fridays at 7:30 p.m. and Sundays at 12:30 p.m. on UNC-TV. I was in the middle of a jo…, RALEIGH — I have repeatedly criticized Roy Cooper’s troubling efforts to amass power in the governor’s office at the expense of other elected …. Simply looking at raw numbers doesn’t always tell the whole story. That’s worse than in Georgia (4.7%), South Carolina (4.8%) Virginia (3.8%) and the Southeast as a … RALEIGH — According to the latest jobs report, North Carolina’s headline unemployment rate fell to 6.5% in August, down from 8.5% in July. And some are exiting the state in search of better opportunities elsewhere in the region. The other 11 states in the Southeast all had smaller declines. North Carolina’s labor-force participation is down 3.9 percentage points. That comes to about 350,000 fewer jobs than in February, before the onset of the COVID-19 recession, a drop of 7.6% in total employment.

In the late 20th and early 21st centuries North Carolina’s economy generated jobs at a higher rate than the national average in many areas. Agriculture remains a small but important component of the state’s economy, although the number of people it employs continues to decline. Perhaps the next wave of economic reports will be more positive. North Carolina Economy at a Glance: North Carolina; Data Series Back Data Feb 2020 Mar 2020 Apr 2020 May 2020 June 2020 July 2020; Labor Force Data. This website uses cookies to improve your user experience while you navigate through the website. The most-recent measure of gross domestic product (GDP) by state was for the first quarter of 2020, which includes only the initial month of COVID impact (March). Please subscribe to keep reading. North Carolina’s gross state product (GSP) in 2019 reached $508.6bn, …

Total nonfarm employment for the Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area stood at 744,600 in June 2020, down 7.6 percent over the year.

Others have intact employers but, faced with school closures, are having to cut back their hours at work or leave their jobs altogether so they can stay home with their young children. Asheville, NC; Burlington, NC In 2017, North Carolina's total gross state product was $540.497 billion. In 2011 the civilian labor force was at around 4.5 million with employment near 4.1 million. IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level by providing accurate and unbiased industry information at a more local level. The next-hardest-hit state, Louisiana, experienced a 7% decline during the same period. On Wednesday, I got a barrage of notifications on my cellphone. For some, their employers or their own small businesses have gone bankrupt.

In August, North Carolina employers reported 4.3 million filled positions. The vintage year (e.g., V2019) refers to the final year of the series (2010 thru 2019). Overview of the North Carolina Economy The state of North Carolina has a population of 10,488,084 and annual population growth of 1.1% over the five years to 2019 which ranks 11 out of all 50 US states. Among our neighbors, employment fell 6.1% in Virginia, 5.6% in South Carolina, 5.4% in Tennessee, and 4.7% in Georgia. Unfortunately, it doesn’t paint a rosier picture of our state’s labor-market recovery to date.

Click the Quick Info  icon to the left of each row in TABLE view to learn about sampling error. Perhaps North Carolina’s second-quarter GDP growth will turn out much better.

Some estimates presented here come from sample data, and thus have sampling errors that may render some apparent differences between geographies statistically indistinguishable. This survey has a much-larger sample size and produces more stable results. Data extracted on: September 11, 2020 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page.

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