North Carolina held the No. 1263 0 obj <>stream ... Data source: State-level data is from the Local Area Unemployment Statistics (LAUS) dataset, released by the Bureau of Labor Statistics (BLS). Agriculture remains a small but important component of the state’s economy, although the number of people it employs continues to decline. North Carolina received a total score of 55.06 out of a possible 99.99. Data extracted on: January 15, 2021 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. Table of contents. Salisbury has seen the job market increase by 2.6% over the last year. In 2018, Forbes Magazine named North Carolina the state with the best economy for business for the second year in a row. For example, I release a monthly leading economic indicator for North Carolina. Key Stats; 6,500 open farm jobs in North Carolina at start of the season. Economy. 27% of jobs in North Carolina are supported by the retail industry Retail is the nation's largest private sector employer driving the U.S. economy and creating jobs in the communities around the country. Impact of Visitor Spending. North Carolina With steady growth and a strong state balance sheet, the economy is flying high. In 2018, Forbes Magazine named North Carolina the state with the best economy for business for the second year in a row. Economy in North Carolina North Carolina has an unemployment rate of 4.4%. Top-ranked Washington received a total score of 81.3, while last-ranked … How can we make this page better for you. It also includes county data. Chapter 1: License and Permit Statistics Commercial and for-hire license and permit sales statistics by fiscal year. Now it’s time … North Carolina’s economy is certainly better than during the Great Recession, but that shouldn’t be mistaken for success. This publication is issued annually each fall. North Carolina’s economy continued to recover in recent weeks. U.S. imports for state of North Carolina. North Carolina has a diverse agricultural economy, with 56,000 farmers growing over 80 different crops. Series panels included 16 business leaders, four local chamber… h�bbd``b`� $f � �s ��b��X@�+$�$f� ?u&F��6F����L� �- North Carolina With steady growth and a strong state balance sheet, the economy is flying high. The Labor & Economic Analysis Division (LEAD) collects data, conducts research and analysis and publishes reports about the state’s economy and labor market. 3. This is one of the most striking and important facts about North Carolina’s economy. In the agricultural sector, livestock products and crops each contribute about 50% of North Carolina's agricultural income. North Carolina includes the following metropolitan areas for which an Economy At A Glance table is available:. North Carolina † Survey Data from Quick Stats as of: Jan/19/2021. Salisbury has an unemployment rate of 5.1%. North Carolina’s economic contributions from forestry and forest products manufacturing were estimated using input-output (I-O) analysis. Economy. and exporter share statistics are based on the 2016 Statistics of US Businesses (SUSB), 2016 Annual Survey of Entrepreneurs (ASE), and 2016 International Trade Administration (ITA) data, respectively. Contact us for more information. 1. This dossier presents a range of statistics and facts about the U.S. state North Carolina. The following is additional information on how specific types of fraud complaints or cases of suspected fraud can be submitted to state agencies. North Carolina has an abundance of assets, resources, and advantages relative … But quality of life can be rough. Its county seat is Laurinburg.. Scotland County comprises the Laurinburg, NC Micropolitan Statistical Area, which is also included in the Fayetteville-Lumberton-Laurinburg, NC Combined Statistical Area Get fast access to economic development information in Fayetteville & Cumberland County, North Carolina.. Below, you will find information regarding Median Household Income, Employment Occupations, and Employment by Industries. In 2011 the civilian labor force was at around 4.5 million with employment near 4.1 million. We invite you to explore South Carolina for yourself, and see why it’s a great state for business. Social NumberPercent EMPLOYMENT STATUS Population 16 years and over421,175100.0 In labor force302,50571.8 Civilian labor force302,29271.8 Employed285,60167.8 Unemployed16,6914. Download PDF: 2017.14.04 NC Global Strategic SWOT Analysis 2017 SITUATION ANALYSIS: STRENGTHS. Information and data produced by LEAD help stakeholders make more informed decisions on business recruitment, education and workforce policies and career development, as well as gain a more extensive view of North Carolina’s economy. There is no doubt that North Carolina’s economy is thriving. Learn more at g.co/economicimpact. Rank HS Code Description 2016 Value 2017 Value 2018 Value 2019 Value 2016 % Share Michael Walden, professor of economics at North Carolina State University, said North Carolina’s GDP growth rate in 2018 was 2.9%. endstream endobj 1246 0 obj <. Economy in Salisbury, North Carolina. 3. Its 2007 per capita personal income was $33,735, placing 36th in the nation. d�s�E�L�@��y���� t�{�NFF�d���yT'24���Uh20m ��A�b`9 ���S��\F_� w�R� North Carolina GDP was $591,601,000,000 in 2019 according to BEA data . 1: Counties (Updated 3/27/14) More Social and Economic Data and Reports (Archives) Economic Profile In their teaching, the economics faculty members prepare students for careers in finance, public policy, government, law, and international trade. In terms of revenue generated North Carolina's top five agricultural products are hogs, broilers (young chickens), greenhouse and nursery products, tobacco, and turkeys. The first level, narrow in scope, calculates the impact based on visitor expenditures using the Travel Economic Impact Model (TEIM). Income and Finance • The number of banks decreased by 5 between June 2016 and June 2017 to 59 banks. The US average is 3.7%. NC Economy Explore economic data from a variety of sources. Explore our data. The US average is 3.7%. Hospitality includes telling you all you need to know about us. Raleigh is the state's capital and Charlotte is its largest city. The third section discusses the results from the economic impact model including sectors and industries supported by the military, as well as estimates for the military’s contribution to personal income and gross state product. The US average is 3.7%. In 2017, North Carolina's total gross state product was $540.497 billion. According to the Bureau of Economic Analysis, the state's 2010 total gross state product was $424.9 billion, making it the ninth wealthiest state in terms of gross domestic product. North Carolina Economy at a Glance: Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%. Are used as inputs in another: • total payroll employment North Carolina with steady and! Need to know about US are used as inputs in another persons age 5 years+, 2015-2019 provides and... 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