The NC economic development wasteland

Bringing chaos and dysfunction to everything they touch.

Republicans took control of the General Assembly in 2011 promising to create a more attractive climate for business, but they have dismantled more than they’ve put in place for recruiting companies, and their conservative stands on social issues have dimmed the state’s appeal. Meanwhile, their refusal to expand Medicaid has blocked billions of federal dollars from coming into the state economy.

Now lawmakers are saying more incentive funds will attract more major employers, but what they really need to do is less strangling of the state budget with excessive tax cuts and less alienating of people over social issues.

Since the start of the recovery in February 2010, North Carolina has gained 280,000 jobs, but it still has 48,500 fewer jobs than it did when the recession hit in December 2007. And as the population has grown by more than 700,000 since December 2007, the percentage of working-age North Carolinians participating in the labor force has dropped to close to its lowest level.

This is another one of McCrory's supposedly strong suits, after all it was his main non-job at Duke Energy. Wasn't his approach there to cut industrial electricity rates to rock bottom and lure energy hogs into the state? In other words, sell a bunch of stuff cheap? Perhaps that splains why McCrory tapped Pope to run his budget empire.


July jobs report is out

NC lost jobs again. Labor force is down again. Unemployment rate is up again, remains above national average.

"The number of employed decreased almost 20,000, when it's seasonally adjusted, which is quite a bit," said Kurt, an associate professor of economics at Elon University.

Meanwhile, Pat will continue to tell us how slashing unemployment benefits put people back to work.

"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014