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2024 Economic County Snapshots for North Carolina
The Economic County Snapshots are one of BTC’s flagship annual publications. They provide key economic and social indicators from publicly available sources for all 100 counties in North Carolina, along with a comparison to state-level data, with measures for employment, poverty and income, affordable housing, health, education, and more. The Snapshots are available for each…
Anti-immigrant policies in North Carolina hurt us all
Most of us in NC believe that everyone should be able to live a life of dignity and safety. But some politicians in Raleigh are pushing to block immigrants from using identification that would support full participation in communities and seeking to punish local governments that refuse to do the work of federal immigration enforcement….
Allowing sports gambling is another flawed economic decision by NC policymakers
This week, the NC General Assembly is hearing a proposal that will generate new costs for North Carolina and use our money to beef up the bottom lines of profitable companies outside our state. HB 347 would pave the way for commercialized sports betting in North Carolina, propping up a predatory industry without delivering any economic benefits.
NC jobs up and inflation still slowing, but rising interest rates are cause for caution
First, today’s state employment report showed continued growth. North Carolina added around 32,000 jobs in the first two months of 2023, continuing a nearly uninterrupted streak of monthly job gains dating back to the first few months of the pandemic. That puts North Carolina nearly 260,000 jobs above pre-pandemic levels, and the unemployment rate dipped to 3.6 percent.
That’s all good news, but today’s jobs figures don’t capture any fallout from recent upheaval in the banking system.
Slowing job growth and gaping holes in the recovery clear in new NC employment figures
After revising data for the past few years, the Bureau of Labor Statistics released employment figures for January of 2023 this week. The new data paint a clearer picture of how hiring slowed last year and where the economic recovery from COVID-19 remains incomplete. We’re still seeing decent jobs growth, but many communities and public services are being left behind in North Carolina.
NC’s revenue forecast could be so much better if corporations and the wealthy paid what they owe
NC now has more public dollars than was projected in the last revenue forecast to spend on priorities like children’s education, worker training, access to child care and affordable housing for their families, and infrastructure to connect more communities to the internet and more people to good quality jobs nearby.
Statement from Executive Director Alexandra Sirota of the NC Budget & Tax Center on NC revenue forecast
Today’s revenue forecast demonstrates that North Carolina has the capacity to provide every child a sound basic education, deliver greater financial security to families struggling with low-wage work, and ensure that communities have the infrastructure to support health and well-being for all NC residents.
New poll: North Carolinians want lawmakers to focus on working people, strongly reject tax cuts for corporations
North Carolinians overwhelmingly rejected state lawmakers’ previous decision to eliminate corporate income taxes, with 69% of respondents reporting opposition to the cuts and only 9% strongly supporting lawmakers’ choice.
Mediocre jobs growth in NC under tax-cutting regime
After tax cuts, North Carolina has fallen behind some of our closest neighbors.
Tax cuts left many small towns, rural communities, and smaller cities out in the cold
Almost two-thirds of North Carolina’s counties have fewer jobs today than existed before the Great Recession, and almost a third have lost jobs since NC lawmakers first started implementing tax cuts in 2013.
