FACTSHEET: Jobs And The Economy | Eastern North Carolina Now

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Your Email Address ( your email address will not be published)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 ( no code or urls allowed, 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

The Missouri Senate approved a constitutional amendment to ban non-U.S. citizens from voting and also ban ranked-choice voting.
Police in the nation’s capital are not stopping illegal aliens who are driving around without license plates, according to a new report.
House Judiciary Chair Jim Jordan (R-OH) is looking into whether GoFundMe and Eventbrite cooperated with federal law enforcement during their investigation into the financial transactions of supporters of former President Donald Trump.
Far-left Rep. Alexandria Ocasio-Cortez (D-NY) was mocked online late on Monday after video of her yelling at pro-Palestinian activists went viral.
Daily Wire Editor Emeritus Ben Shapiro, along with hosts Matt Walsh, Andrew Klavan, and company co-founder Jeremy Boreing discussed the state of the 2024 presidential election before President Joe Biden gave his State of the Union address on Thursday.
Former U.N. Ambassador Nikki Haley said this week that the criminal trials against former President Donald Trump should happen before the upcoming elections.
Vice President Kamala Harris ignored recommendations while attorney general of California to investigate an alleged pyramid scheme at a company linked to her husband, according to documents obtained by The New York Post.
'The entire value add of Hunter Biden to our business was his family name and his access to his father, Vice President Joe Biden'

HbAD1

Robert F. Kennedy Jr. announced on Tuesday that he has selected Nicole Shanahan to be his vice presidential running mate as he continues to run as an Independent after dropping out of the Democratic Party’s presidential primary late last year.
The campaign for former President Donald Trump released a statement Saturday afternoon condemning the White House’s declaration of Easter Sunday as “Transgender Day of Visibility.”
On Tuesday, another Republican announced that he plans to retire early from the House, a decision that would further diminish a narrow GOP majority in the lower chamber.
"President Trump is moved by the invitation to join NYPD Officer Jonathan Diller’s family... "
Arkansas Republican Governor Sarah Sanders said on Tuesday that the state would ban the use of “X” on driver’s licenses and that state IDs must identify the individual as either male or female, according to an announcement first shared with The Daily Wire.
The State Board of Elections and local district attorneys argue that a recent change in North Carolina election should prompt a federal court to throw out a lawsuit from felon voting advocates.
A former Boeing employee who raised safety concerns related to the company’s aircraft production was found dead this week.
Pro-life advocates slammed a decision on Friday from pharmacy giants Walgreens and CVS to begin selling abortion pills.

HbAD2

Rep. Eric Swalwell (D-CA) used up his time during a Tuesday hearing on Capitol Hill to lay out a case against former President Donald Trump — and then appeared to get frustrated when the witness, Special Counsel Robert Hur, refused to help him do it.
The state Supreme Court will decide in the months ahead whether the family of a man who suffered a violation of his speedy-trial constitutional right can seek money damages against the state.
Bud Light’s parent company, Anheuser-Busch, is estimated to have lost over one billion dollars in sales after the brand faced boycotts from conservatives over its partnership with trans-identifying influencer Dylan Mulvaney.
Sen. Bernie Sanders (I-VT) introduced a bill Wednesday that would shave 8 hours off the standard 40-hour work week that has been around for several decades.
Former President Donald Trump defeated former U.N. Ambassador Nikki Haley by a wide margin in the Missouri Republican Party caucus on Saturday, according to projections from the Associated Press.
The North Carolina Supreme Court heard arguments Tuesday in the case of an Alamance County racetrack that was forced to shut down during the pandemic.
Missouri Attorney General Andrew Bailey announced a lawsuit against Planned Parenthood on Thursday, accusing the organization of trafficking young girls for out-of-state abortions.
President Joe Biden took direct aim at Supreme Court Justice Clarence Thomas during a recent interview, referring to him simply as “the guy who likes to spend a lot of time on yachts.”
Former President Donald Trump suggested this week that if he becomes president again, he might allow Prince Harry to be deported.

HbAD3

 
Back to Top