FACTSHEET: Jobs And The Economy | Eastern North Carolina 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Your Email Address ( your email address will not be published )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

"Robert F. Kennedy Jr. is a foolish man, full of foolish and vapid ideas," former Governor Chris Christie complained.
"This highly provocative move was designed to interfere with our counter narco-terror operations."
Charlie Kirk, 31 years of age, who was renowned as one of the most important and influential college speakers /Leaders in many decades; founder of Turning Point USA, has been shot dead at Utah Valley University.
The Trump administration took actions against Harvard related to the anti-Israel protests that roiled its campus.
In addition, Sheikha Al-Thani has "taken to promoting Mamdani’s mayoral candidacy on social media, boosting news of favorable polling on Instagram"
Raleigh, N.C. — The State Board of Elections has reached a legal settlement with the United States Department of Justice in United States of America v. North Carolina State Board of Elections.

HbAD1

For this particular Hollywood love story, there was no girl bossing, no modern twists, no glorification of living in sin forever.
National attention is intensifying after the gruesome murder of a Ukrainian refugee on a Charlotte light rail on Aug. 22.
Trump is different from most politicians. He doesn’t feel he owes these corporations anything.
In Australia, Canada, and Europe, free speech on asylum, migration, and national identity is increasingly being curtailed by law.
The first three episodes of the current season of "South Park" have hammered President Donald Trump and other GOP targets.
16 days after Hamas October 7 massacre, Turkish President Erdogan said Hamas was “not a terrorist organization … [but rather] a liberation group"

HbAD2

"I’m ready to help defend President Trump’s America First agenda, Texas families, and individual liberty."
The Democrats turned our own census into a weapon against us. It's time to disarm them permanently.
As tariffs settle in, John Deere, one of the nation’s largest manufacturers of heavy farm equipment, continues to suffer financial losses due to tariff costs.
Not everything has to be reduced to the partisan trenches.
"Accountability is coming. Federal funds will not be used to poison the minds of the next generation."
Plaintiffs in a $16 million class-action lawsuit against Raleigh challenged the city's legal tactics in a new state Supreme Court filing.

HbAD3

 
Back to Top