jobs report
Jobs report surprises as employers add 336,000 jobs in September
Employers continued their hiring streak in September, surprising economists by boosting jobs for workers in restaurants, health care, and government. The Bureau of Labor Statistics monthly jobs report, released Friday, showed a gain of 336,000 jobs. The unemployment rate held steady at 3.8%. The BLS also revised up the jobs added in July and August […]
Economy adds more jobs in June even as hiring slows
Although hiring inched down in June, the U.S. labor market is still showing signs of strength, with unemployment falling and earnings continuing to rise, the latest jobs report from the U.S. Department of Labor showed. The economy added 209,000 jobs as the unemployment rate fell to 3.6% from 3.7% in May. “In excess of 200,000, […]
New jobs report: Big recovery in largest metro areas, most of the state still lagging
The last North Carolina jobs report for 2022 was just released, and the NC Budget & Tax Center published a detailed analysis Wednesday. Good news? Bad news? It really depends how you look at it — and especially where you look. North Carolina added more than 190,000 jobs in 2022. That isn’t just good — […]
New jobs numbers: Big problems plague NC’s uneven economic recovery
Expert says NC must do more to train, connect and support workers N.C. Budget and Tax Center economist Patrick McHugh reports today that local labor market number for April show an economic recovery for North Carolina that remains very much “a work in progress.” McHugh says that while businesses in some industries have struggled with […]
New numbers cause concern that NC economy is lagging and could slip backwards
In case you missed it earlier this week, the latest assessment from experts at the N.C. Budget and Tax Center indicates that care must be taken to prevent a state economic decline. This is from a release entitled “Worrying economic trends for N.C. persist in October labor market numbers”: Uninspiring unemployment and labor market participation […]
April labor market data confirm NC job growth is still unexceptional
The data released last Friday by the Bureau of Labor Statistics affirms the message delivered on the Senate floor last week by some lawmakers. North Carolina has not experienced a surge in employment nor is the state’s level of employment in a better position compared to historic levels. The tax cut experiment since 2013 has […]
More sobering state economic news
The latest from analysts at the N.C. Justice Center: July Jobs Figures Show NC Falling Behind the Nation RALEIGH (August 21, 2015) — The July labor market data released this morning show North Carolina continues to lag behind the nation in a few vital ways. Wages in North Carolina are not growing as fast as […]
N.C.’s unemployment rate goes up to 6.8 percent, labor pool shrinks
North Carolina’s unemployment rate shot up in August, as the state’s labor force continues to shrink. The state had 6.8 percent of its labor force actively looking for jobs in August, an increase from 6.5 percent the prior month, according to the monthly jobs report released by the N.C. Department of Commerce’s Labor and Economic […]
N.C. unemployment stays at 6.4 percent in June, while number of jobs in state goes down
June’s jobs numbers are out for North Carolina, showing that the state has held on to its unemployment rate of 6.4 percent for the second straight month. The national unemployment rate was 6.1 percent for June. The North Carolina numbers for June released by N.C. Commerce Department show a much lower unemployment rate than a […]
National economic news good; NC situation not so encouraging
As Dean Baker notes this morning, the national economic news is encouraging. In addition to the record high Dow Jones average, Baker points out: “The economy added 288,000 jobs in June, making it the fifth consecutive month in which the economy added over 200,000 jobs. This is the longest stretch of 200,000 plus job growth […]
Jobs recovery still mostly out of reach in many NC metros
This is new from the experts at the N.C. Budget and Tax Center: Labor force decline still driving drop in unemployment for many metro areas RALEIGH (April 29, 2014) — Despite falling unemployment rates, most of North Carolina’s metro areas are still waiting for meaningful job creation, according to new jobless numbers released by the […]