Topics Related to Lead Feed

North Carolina's business landscape is undergoing a dramatic demographic shift, with the number of Black and Hispanic business owners surging in recent years according to new data from the US Census Bureau's Annual Business Survey.

A recent blog using Census data showed that in most North Carolina counties, the majority of private-sector workers commute to a different county. This blog narrows in on commuting patterns in western North Carolina as a key factor to understand the road to economic recovery in the aftermath of Helene.

The Census’ latest release of the 2023 American Community Survey (ACS) 1-year data and 2022 Longitudinal Origin-Destination Employment Statistics (LODES) allows us to revisit levels of working from home and commuting patterns in North Carolina.

An aging population is transforming North Carolina’s healthcare and workforce needs. In this first blog of a new series on the healthcare workforce, we examine this demographic shift and its impact on the state’s healthcare sector.

In this edition of NC Economy Watch, we highlight three of the big questions we’ll be asking as 2025 gets underway: will Asheville’s labor market recover from Hurricane Helene? Will labor market conditions improve for jobseekers across the state? And will we see any more relief on interest rates?

The 2025 County Development Tiers went into effect on January 1, with a relatively large number of counties shifting tier from 2024. In total, eighteen counties changed tier in 2025. This blog will review the Tiers and highlight this year’s changes.

The US Bureau of Labor Statistics just released county-level unemployment rate estimates for October 2024. These preliminary data offer a first look at the impact of Hurricane Helene on local labor markets in North Carolina. Buncombe County was the hardest hit by far, with an unemployment rate of 8.8%, while most other counties affected by the storm saw a much smaller labor market impact, or no impact at all.

This morning, the US Bureau of Labor Statistics released its first batch of official statistics covering the impact of Hurricane Helene on North Carolina’s economy. This article describes what we know so far about the employment impact of Helene—or, at least, what we think we know, given the preliminary nature of these statistics. We also summarize what we don’t yet know about the impact of Helene and leave readers with some things to keep in mind as we continue to sort through this emerging evidence.

Industry 4.0 is reshaping North Carolina's manufacturing landscape, and with it, the role of economic developers across the state. As highlighted in the recent "Best Practices for Growing Manufacturing in North Carolina" report, our approach to fostering industrial growth and competitiveness must continue to evolve to maintain our position as a global manufacturing leader.

In this edition of NC Economy Watch, we take stock of how labor market conditions in North Carolina and nationwide have changed since the height of the COVID-19 pandemic. Over the past two years, hiring new employees has gotten easier while finding a new job has become more difficult. Although the future is uncertain, it’s clear that the COVID-era labor market is now a thing of the past.