FACTSHEET: Jobs And The Economy | Eastern NC Now

When Governor McCrory Was Elected: North Carolina had an unemployment rate of 8.8%, the 5th highest in the nation...

ENCNow
Press Release:

When Governor McCrory Was Elected:

  • North Carolina had an unemployment rate of 8.8%, the 5th highest in the nation.
  • 77 of our 100 counties had unemployment rates over 10%,
  • There was $2.54 billion in unemployment insurance debt to be paid to the federal government.

Today, Under Governor McCrory's Leadership:

  • Our unemployment rate is at 5.5%, the lowest it's been in more than half a decade and ahead of South Carolina and Tennessee.
    • North Carolina added more than 15,000 jobs last month, experiencing the second largest drop in unemployment over the month in the country.
    • Nearly 200,000 more North Carolinians are earning a paycheck than in January of 2013.
  • Only 2 of our 100 counties have an unemployment rate over 10%.
  • Unemployment insurance debt is below $500 million for the first time since the recession and we are scheduled to pay it off 3 years ahead of schedule. This saved North Carolina employers $180 million in 2014. The unemployment debt had been as high as $2.6 billion.

Tax Reform:

  • When Governor McCrory was elected, North Carolina had the highest tax rates in the southeast.
  • Now, we have a plan that lowers income tax rates and reduces taxes for North Carolina working families.
  • The Personal Income Tax and Corporate Income Tax both were lowered making North Carolina more competitive.

Continuing the Progress:

  • We will pass "NC Competes" job recruitment proposals that:
    • Help create long-term, sustainable jobs and attract investment
    • Encourage mid and large scale manufacturing
    • Leverage our university research advantage to attract new venture capital
    • Recognize the importance of all regions in our state with emphasis on areas of high unemployment
  • We will pass the Historic Preservation Tax Credit to help revitalize our main streets and town centers.

  • Contact: Crystal Feldman
  •     govpress@nc.gov

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published )
Enter Your Comment ( text only please )




Governor McCrory Announces Appointments Statewide, Government, State and Federal FACTSHEET: Getting North Carolina Into The Energy Business


HbAD0

Latest State and Federal

Cheryl Hines. Dennis Quaid. Nicki Minaj. All became associated with the Trump administration. What happened next?
A federal grand jury in North Carolina has indicted former FBI Director James Comey on two charges related to making threats against President Donald Trump.
Their goal was simple: to put a Planned Parenthood in every mailbox in America.
Treasury officials allege these groups pose as humanitarian entities while covertly siphoning donations to Hamas.
President Donald Trump has publicly floated regime change and other aggressive actions toward Cuba.
With a new roadside plaque unveiled in Ellerbe on April 23, legendary wrestler and local resident André René Roussimoff is finally getting the formal recognition fans believe he deserves.
Following a string of attacks, critics are calling for denaturalizations. It's not that simple.
The solution is not to legalize the problem; it is to enforce the law consistently and deter future illegal immigration.
The teachers union is pushing to cancel school on May 1 as Chicago public schools continue to report dismal student proficiency rates.

HbAD1

Mission accomplished on sending inspiration from the dark side of the moon.
Two years ago, new media brought President Trump back to the White House. What happened?
Victims’ advocates, prosecutors, law enforcement officials, and families impacted by violent crime gathered Tuesday at the North Carolina State Archives building in Raleigh to recognize National Crime Victims’ Rights Week and honor those affected by crime across North Carolina.
The POLITICO poll found that almost half of respondents think Hollywood players should "be less vocal with their political beliefs."
"They help cultivate a radical hate America agenda, and we can't afford that same toxic ideology in America's War Department.”

HbAD2

Tax Day is a week away, and the reports are in: North Carolinians are winning big with record-setting tax returns thanks to President Trump and Republicans' Working Families Tax Cuts.
“It is a trust fund, a piece of the American economy for every child that they will be able to take out when they are 18.”
For most of her life, Zofia Cheeseman built her life and schedule around being a gymnast until a health scare forced her to look at her life off the mat.
"We could very well end up having a friendly takeover of Cuba."
You can't make this up. If you turned this script into Hollywood, they'd say it's too on the nose.
"Alaska native" firms, most often in Virginia, were paid $45 billion in Pentagon contracts thanks to DEI law.
Small cities rarely make headlines. Their struggles - fiscal mismanagement, leadership vacuums, the slow erosion of public trust - play out in school gymnasiums and wood-paneled council chambers, witnessed by a handful of residents and largely ignored by the world outside.

HbAD3

 
 
Back to Top