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It’s been quite a year for the state and national economy. Looking back on 2022, North Carolina saw economic growth and recovery from lockdowns but also indications of a recession.
Published: Monday, January 9th, 2023 @ 1:37 pm
By: John Locke Foundation
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Most North Carolina voters believe the US is already in a recession
Published: Saturday, December 10th, 2022 @ 9:52 pm
By: John Locke Foundation
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There are about 300,000 fewer jobs in North Carolina today than there were in February, before the start of the COVID-19 recession.
Published: Monday, October 26th, 2020 @ 2:20 pm
By: Carolina Journal
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In late March, I wrote about how North Carolina state government is likely better financially prepared than most states for the coronavirus shutdown, and certainly more prepared than it was prior to the Great Recession.
Published: Wednesday, May 13th, 2020 @ 8:48 am
By: Civitas Insitute
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North Carolina’s unemployment rate has dropped from the 10.9 percent 2010 high we experienced following The Great Recession to 4.0 percent in October. But that’s not uniform across the state.
Published: Friday, December 13th, 2019 @ 7:46 pm
By: Tom Campbell
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North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says.
Published: Thursday, December 5th, 2019 @ 12:54 am
By: Carolina Journal
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North Carolina appropriates less taxpayer money to state colleges and universities in real terms than it did before the onset of the Great Recession.
Published: Wednesday, May 29th, 2019 @ 4:56 pm
By: Carolina Journal
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In North Carolina, Republican candidates for the General Assembly and statewide offices have been told that their policies are to blame for the fact that fewer high school graduates pursue teaching careers
Published: Friday, October 21st, 2016 @ 2:51 am
By: John Locke Foundation
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The writer of Ecclesiastes says, "For everything there is a season and a time for every matter under heaven." During hard times we recognize the need to hunker down and reduce spending.
Published: Saturday, April 30th, 2016 @ 10:07 am
By: Tom Campbell
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When you ask North Carolina voters to name the top election issue in state politics, the most common answer - unless we are in the midst of a recession - is education.
Published: Wednesday, April 27th, 2016 @ 11:40 pm
By: John Locke Foundation
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History tells us that we are overdue for an economic recession.
Published: Thursday, January 7th, 2016 @ 4:30 am
By: John Locke Foundation
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In 2013, North Carolina's unemployment insurance (UI) program was in terrible shape. Like most states, North Carolina borrowed funds from the federal government to cover increased unemployment benefits during the great recession. The Tar Heel State owed Washington $2.75 billion. As a result, the sta
Published: Thursday, October 15th, 2015 @ 4:12 am
By: Civitas Insitute
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Because of tough decisions made by the General Assembly and Gov. Pat McCrory, North Carolina's payroll tax is expected to drop by about $280 million in 2016 and as much as $550 million by 2017. What you think about this sequence of events says a lot about your political philosophy and your...
Published: Friday, May 8th, 2015 @ 11:34 am
By: John Locke Foundation
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According to most economic indicators, North Carolina's economy is on the upswing. Job growth exceeds the regional and national averages. The state's recent decline in unemployment - even when you include discouraged workers who've dropped out of the labor force - is one of the largest in the...
Published: Monday, April 6th, 2015 @ 9:50 pm
By: John Locke Foundation
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If the recent review of campus-based centers by the University of North Carolina Board of Governors was all an elaborate ruse to silence a critic of state Republicans, it would probably qualify as the most improbable, elaborate, and ineffective conspiracy in North Carolina history.
Published: Wednesday, February 25th, 2015 @ 11:42 am
By: John Locke Foundation
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A new report from the Center for American Progress claims that the "Great Recession" devastated public university investments nationwide. Specifically, it says that over a five-year period, tuition has skyrocketed, states have withdrawn public investment, and low-income families have been pushed...
Published: Sunday, January 11th, 2015 @ 11:25 am
By: John Locke Foundation
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As the state prepares for the start of a new year, new laws are slated to take effect in North Carolina on January 1, 2015.
Published: Friday, January 2nd, 2015 @ 8:40 am
By: Stan Deatherage
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Governor Pat McCrory issued the following statement after North Carolina's unemployment rate fell to 6.3 percent. That represents a 1.2 point drop from October 2013 and is 2.5 points lower than January 2013 when the governor entered office.
Published: Tuesday, November 25th, 2014 @ 10:33 am
By: Stan Deatherage
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North Carolina is on the verge of recapturing pre-recession levels of job creation, but a controversial Obama administration ozone regulation proposal could erase recent gains and launch a new round of job losses, business and manufacturing officials said Monday.
Published: Wednesday, September 17th, 2014 @ 8:56 am
By: John Locke Foundation
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North Carolina remains in dire economic times. Unemployment is hiding at 9.4 percent, one of the worst in the nation.
Published: Wednesday, June 18th, 2014 @ 10:23 am
By: John Locke Foundation
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Newly revised employment data show that 2013 was the strongest year for job growth in North Carolina since the Great Recession. Those numbers contradict liberal arguments about the impact of policies adopted by the conservative-led General Assembly, according to new analysis from the...
Published: Friday, March 21st, 2014 @ 2:15 am
By: John Locke Foundation
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Newly released employment data show signs of growing strength in the North Carolina economy, with the second-highest reported annual increase in new jobs in the state since the onset of the Great Recession. That's the assessment of John Locke Foundation President John Hood.
Published: Friday, January 31st, 2014 @ 7:42 am
By: John Locke Foundation
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The year 2013 has seen significant reforms in North Carolina - to our tax system, job-killing regulations, transportation and infrastructure priorities, and education. The result will be substantive and meaningful changes in North Carolina. We will be positioned to recover from the recession more
Published: Thursday, December 12th, 2013 @ 12:02 am
By: John Locke Foundation
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North Carolina state government spending has grown "significantly" in recent decades, though much of that growth has been hidden beneath headlines that focus on the state's General Fund. That's a key finding from a new John Locke Foundation Spotlight report.
Published: Friday, November 22nd, 2013 @ 9:55 pm
By: John Locke Foundation
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North Carolina's housing market remained relatively stable in the post-recession years of 2010-12 according to the American Community Survey (ACS) conducted by the U.S. Census Bureau.
Published: Sunday, November 17th, 2013 @ 11:47 am
By: David Winstead
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As North Carolina and the rest of the country continue a painfully slow recovery from a painful recession, there is no more important question in public policy than how best to create sustained economic growth.
Published: Tuesday, October 1st, 2013 @ 12:34 pm
By: John Locke Foundation
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Most North Carolinians are painfully aware of how grim the ongoing recession has been for our state. However, few know about our oppressive Third World debt owed to the federal government for money borrowed to pay benefits to unemployed workers.
Published: Sunday, September 22nd, 2013 @ 11:55 pm
By: Thom Goolsby
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The largest excise tax collection in North Carolina is on fuel, amounting to $1.5 billion annually.
Published: Thursday, June 6th, 2013 @ 8:27 am
By: John Locke Foundation
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Has North Carolina's economy turned the corner? It depends on how you define "turn the corner." And it depends on what measure you choose.
Published: Tuesday, March 5th, 2013 @ 8:09 am
By: John Locke Foundation
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North Carolina takes great pride in her university system. Nevertheless, the persisting recession is affecting all aspects of the state's economy, including UNC and its students.
Published: Wednesday, October 24th, 2012 @ 12:26 am
By: John Locke Foundation
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The two candidates for governor have spent lots of energy and money debating whether North Carolina has lost our mojo, pointing out who is to blame. With days remaining before the November 6 elections it's time to debunk the rhetoric.
Published: Saturday, September 22nd, 2012 @ 9:37 pm
By: Tom Campbell
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The experts say the recession ended in 2009; the people in North Carolina say it's still going on. Moreover, by a large margin they expect it to drag on for two years or more.
Published: Wednesday, August 15th, 2012 @ 11:45 pm
By: Civitas Insitute
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Over the past three fiscal years, the University of North Carolina system has received hundreds of millions of dollars less in state tax dollars than it sought, as legislators of both parties struggled to close the fiscal gaps triggered by the Great Recession.
Published: Friday, July 13th, 2012 @ 7:06 pm
By: John Locke Foundation
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A few days ago I wrote that the state spending plan just approved by the North Carolina General Assembly was the right and responsible thing to do given current fiscal and economic realities.
Published: Saturday, June 30th, 2012 @ 10:41 am
By: John Locke Foundation
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The headline at ABC News.com reads "President Obama, Bill Clinton Stump on Growth vs. Austerity Agenda." While referring to the economic debate going on in Europe, Britain's New Statesman displays the headline "The Austerity vs. Growth Argument is Hotting [sic] Up."
Published: Friday, June 22nd, 2012 @ 1:38 pm
By: John Locke Foundation
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North Carolina owes the federal government $2.8 billion the state borrowed to pay unemployment benefits since the depths of the Great Recession.
Published: Saturday, April 14th, 2012 @ 1:12 am
By: John Locke Foundation
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