Since 2010, when voters put Republicans in charge of most state governments across the United States, North Carolina became one of about a half-dozen states where conservative reformers have frequently — and sometimes spectacularly — faced off with progressives in ways that have attracted significant national attention. In 2011, the new GOP-majority General Assembly defeated […]
Employment figures released earlier this week by the state Department of Commerce show that the number of people employed in North Carolina increased by a total of 85,879 throughout 2017, while the number of people unemployed decreased by 20,263 over the same year-long period. The employment growth data follows a positive revenue outlook released by the […]
North Carolina is one of sixteen states well-prepared for a financial recession according to an economic study released this month by researchers at Moody’s Analytics. North Carolina has a record $1.5 billion savings reserve and has significantly improved its tax structure under a Republican-led state legislature. Moody’s Analytics provides financial insights on capital markets and […]
The U.S. Census Bureau recently released wage data estimating North Carolina had the fourth fastest household income growth in the nation during 2016. According to the Census Bureau study, North Carolina’s median household income was $50,584 in 2016 — up 4.5 percent from last year after adjusting for inflation. North Carolina’s wage growth ranked substantially […]
The Republicans have enjoyed majorities in both bodies of the General Assembly for nearly seven years now, and pretty soon Phil Berger and Tim Moore will be asking for two more. This is an appropriate time to assess their performance on the economy. Even under the Perdue and Cooper governorships, policy outputs were shaped greatly […]
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 […]
Hundreds of thousands of hardworking North Carolinians will no longer pay any state income tax by 2019, thanks to several rounds of tax relief provided by the legislature’s Republican majority. A recent memo from the head economist at the non-partisan Fiscal Research Division notes that “of the nearly 4 million tax returns anticipated for tax […]
North Carolina has received four national economic distinctions so far this month, including being hailed as the #1 state for starting a business, the #5 best state for business, the #5 best state for budget solvency, and one of only 12 states in the country with a unanimous ‘AAA’ bond rating. Fit Small Business, a Madison Avenue research and […]
Planning your summer vacation and looking for some light beach reading? Joseph Coletti over at the John Locke Foundation has you covered with a comprehensive analysis of this year’s state budget: A New State Budget Based On Time-Tested Principles In his 1985 address to the North Carolina Foundation for Research and Economic Education (NC FREE), […]