A “very strong” jobs report is a good sign for North Carolina, says an NCSU economist, after the state’s seasonally-adjusted unemployment rate fell to 4.1% in October, according to the latest data from the North Carolina Department of Commerce.
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The US Labor Department released latest jobs numbers today, and the North Carolina Deparment of Commerce released jobs numbers from September. Many indicators show improvements – but the pandemic still looms.
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North Carolina’s unemployment rate rose slightly in February to 3.9 percent, up 0.1 of a percentage point from January’s revised rate, according to data released Friday by the state Department of Commerce.
Read MoreJohn Cambier is a managing partner at IDEA Fund Partners, CFO of NC IDEA and an advisor to its grants program. He’s also a director on the boards of 71lbs of Fort Lauderdale, Fla., Brightdoor Systems of Cary and Sarda Technologies of Durham. As I read the recent ExitEvent article “With Growing Economy and Entrepreneurial Ecosystem, Is North Carolina Bucking a National Trend?”, I felt the need to respond with some of my own views on the topic. First, the Kauffman Foundation is great, but the researchers there observe and serve a much broader universe of entrepreneurs than I...
Read MoreWhile the national entrepreneurial activity rate has steadily declined since its peak in 2010, NC’s rate declined initially after 2010 but rose again from 2012-2013. Why is this? What makes us different? If NC’s economic health was inversely related to the entrepreneurship rate in NC, we might expect to see NC’s unemployment rate also rise in 2013. However, as shown in Figure 2, NC’s unemployment rate not only dropped in 2013—it was the 5th largest drop in the country, steadily dropping from its peak in 2010 (though it remains higher than the national average). As seen in the chart...
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