Economy

Created in 2016 by the International Economic Development Council, the largest international professional trade association for economic developers, Economic Development Week aims to increase awareness for local programs that create jobs, advance career development opportunities and improve the quality of life in communities everywhere.

If you have a son or daughter going through the college search process and looking for a major, then take a look at the 10 top tech jobs for 2019. These are going to be in more demand in the coming years due to our tech-heavy society, according to recruiters and career counselors.

We already know Raleigh is full of happy workers, and it turns out the good feelings stretch across the state. Recent job numbers show North Carolina’s unemployment rate remains unchanged, while the national unemployment rate increased.

North Carolina ranked third in the country on corporate income taxes, which was the strongest component contributing to the state’s business climate status.

North Carolina earned the number six spot, moving up two spots from last year, in Area Development magazine’s ranking of best states to do business.

In response to a 2014 study that ranked Charlotte last among 50 metro areas for upward mobility, two companies are stepping up to the plate to address this issue.

A recent NC State study provides insight into the impact that disruptive industries such as fintech are having on the global economy.

According to the American Trucking Associations, the U.S. will have a shortage of 63,000 truck drivers by the end of 2018. This can lead to increased shipping and consumer goods costs.

According to the Economic Development Partnership of North Carolina, 2017 was a landmark year for our state with:

According to the Brookings Institution, North Carolina exports contribute to more than 370,000 jobs in the state.

Over the past year, NC employment has grown by 1.4 percent, slightly above the national average of 1.2 percent.

National and NC economies continue to create new jobs, but some sectors are doing better than others.

The good news is that North Carolina’s economy has been adding jobs to the market. Indeed, job growth in the state has been one-third faster than all other states in the nation since 2001.

As we turn the page to start a new year, the past year will be remembered for many things.

Perhaps the first proposal from the Trump administration will be a large income tax cut. During the campaign, the president-elect proposed sizable tax-rate cuts that could lower federal income tax revenue by $6 trillion over the next 10 years.

The Tax Foundation’s 2017 State Business Tax Climate Index, which helps gauge how states’ tax systems compare, ranked North Carolina 11th overall.

Economists have noticed a serious problem among the recent good job news. The employment rate for working men in prime age (25-54 years) has been steadily falling.

Most of us have a relative who once worked in the textile mills or furniture factories, but over the past 30 years manufacturing has been challenged and transformed by globalization and technological advances. Factories that were once community cornerstones are shuttered.

Salisbury’s Empire Hotel was built in 1855, opened in 1858 and operated for over 100 years until closing in 1963.

The Bureau of Economic Analysis released its first quarter 2016 data, showing North Carolina among 37 states, as well as the District of Columbia, with an increase in gross domestic product (GDP).

Of all the economic statistics released regularly, unemployment rates receive the most widespread attention. Yet some say it understates the true level of joblessness.

North Carolina is home to 10 million residents. By 2030, the population is expected to grow to 12 million. While this projected growth presents exciting opportunities, it also begs the question: is North Carolina ready?