North Carolina’s unemployment rate dropped once again to 4.1 percent in July, decreasing 0.1 percentage points from June and remaining below the national average of 4.3 percent. According to the Center for Economic and Policy Research, most economists consider full employment (otherwise known as the “Nonaccelerating Inflation Rate of Unemployment,” or NAIRU) to be in […]
The following piece was written by North Carolina House Majority Leader John Bell and first appeared in the North State Journal on February 8, 2016. What We’ve Done for North Carolina North Carolina was once a state that was defined by slow economic growth, high unemployment, burdensome taxes, and massive federal debt. Our great state […]
The following article is reposted from yesterday’s edition of the Raleigh News & Observer. It references a report prepared by Dr. Michael L. Walden, William Neal Reynolds Distinguished Professor, Department of Agricultural and Resource Economics at North Carolina State University. You can read the entire report here. (Note: Dr. Walden’s report concerns North Carolina’s economic […]
While our friends on the left continue to complain about how conservative economic policies are holding North Carolina back, the state continues to enjoy lower unemployment and unprecedented budget surpluses. It was announced yesterday that for the first quarter (July – September) of the current (2016-17) Fiscal Year, North Carolina collected $191 million more in tax […]
Breaking a 140-year streak of one-party rule in North Carolina, in 2011 Republicans gained the majority in both chambers of the state legislature. And they went right to work implementing a whole host of pro-growth reforms which have powered an economic recovery that’s the envy of the nation. Since 2011, North Carolinians have enjoyed more […]
Guest post by John Hood North Carolina almost made another top-10 list this year — but don’t worry, our state seems likely to make the cut in 2017. The Tax Foundation, a nonpartisan institute based in Washington, has long published a report called the State Business Tax Climate Index. It ranks all 50 states and […]
State Unemployment Rate Drops Lower, Remains Below National Average Governor Pat McCrory announced today that North Carolina’s unemployment rate dropped even lower to 4.6 percent in August, the lowest since April 2007. “North Carolina has seen one of the largest decreases in unemployment in the nation since 2013 and we are home to one of […]