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The ranking of changes in the unemployment rate by state has North Carolina ranked at No. 36. The rankings report pulled data from April federal jobs report numbers, which showed NC's unemployment rate for April 2023 at 3.4%, a 2.3% decline from March 2023. What do low unemployment rates mean for the economy? An economics professor weighs in. ....
A flashing warning light for builders and developers in the Triangle: Vacancy rates are at 15% - a level not seen since the "Great Recession. And developers also face "tepid growth for new office development" in a slowing economy afflicted by interest rates. So warn two commercial real estate firms in the Triangle. And a leading business recruiter says the traditionally strong Triangle will be "forced" to join other metro areas dealing with a downturn. ....
Nearly 16,000 people joined North Carolina's ranks of workers and the number of unemployed fell by nearly 5,000 - enough of a change to lower the state's seasonably adjusted jobless rate to 3.5% in March. "A good report," says N.C. Sate economist Dr. Mike Walden. ....
Thirty innovation thought leaders, marketing and services professionals are the first winners in the NEXT TECH Awards put on by the NC Technology Association and Business North Carolina. ....
Indicators that sensational job growth since the COVID pandemic is coming to a close are becoming more obvious, one bad sign being a drop of 800 jobs in Durham-Chapel Hill according to the latest North Carolina employment report. But there are others. Is a recession coming as hiring slows and interest rate hikes continue to bite? ....