Originally published on NCJustice.org
The 2018 economic story in North Carolina is not what it once seemed. New labor market data released last week shows job growth in North Carolina slowing noticeably in the second half of last year, a stark departure from what previous data had indicated. Job growth had already decelerated in 2017 compared to the previous several years and now it appears that the situation toward the end of 2018 got even worse.
Over the last six months of 2018, year-over-year job growth averaged just 1.5 percent, below the national rate and significantly off the employment expansion clip that North Carolina had posted between 2013 and 2016. After outpacing U.S. growth for several years, along with much of the southeast, North Carolina had been running essentially even with the national rate for much of 2017. It had appeared that job growth in North Carolina was on the upswing again, but newly released data show that the state actually experienced a marked decline starting in September of last year. As can be seen here, previously released figures indicated that North Carolina had returned to growth rates above 2 percent, but revised data show it to still be well off that clip.
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
Jeff Altman, The Big Game Hunter is a career and leadership coach who worked as a recruiter for more than 40 years. He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with more than 1400 episodes and his newest show, “No BS Coaching Advice.” He is a member of The Forbes Coaches Council. “No BS JobSearch Advice Radio” was recently named a Top 10 podcast for job search. JobSearchTV.com was also recently named a Top 10 YouTube channel for job search.
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