NC Commerce Department

Business & Economy
9:22 am
Wed April 30, 2014

Which County Has The Lowest Unemployment In The State?

Credit Wikimedia Commons

Numbers from the state Commerce Department show the unemployment rate fell all across the state during the past year.  But analysts say the economic recovery is still modest.

Who has the lowest unemployment in the state? Chatham and Orange Counties - 4.6 percent. 

Where is the highest jobless rate? Graham County - 12.7 percent.

While the jobless rate fell in all 100 counties, the number of people who reported having jobs decreased in about one-third of the counties.

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Business & Economy
8:38 am
Tue March 18, 2014

Unemployment Shrinks With North Carolina’s Labor Force

North Carolina gained 70,000 jobs in 2013, but the workforce shrank by 60,000 people.
Credit Creative Commons / http://mycareerinfo.ca

The state unemployment rate is dropping, but the labor force is also shrinking. 

The North Carolina Department of Commerce reports unemployment fell from 8.8 percent in January 2013 to 6.7 percent in January 2014.  But that number doesn't include people who have stopped looking for work.  The state's labor force is made up of people who work or are trying to find jobs, and that pool shrank by more than 60,000 people during the year. 

North Carolina State University Economist Michael Walden said 2013 was somewhat of a disappointing year for job growth.

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Politics & Government
7:36 am
Wed January 29, 2014

New Nonprofit CEO Slows Partial Privatization Of NC Commerce Dept.

Richard Lindenmuth began work in his position of interim CEO of the Economic Development Partnership in early January.
Credit NC Department of Commerce

Gov. Pat McCrory’s plan to move parts of the state’s business recruiting functions to a private nonprofit have been delayed, as the new organization’s managers are setting up a plan for the transition and finding costs to cut, officials said Tuesday.

Parts of the state Commerce Department will be transferred to the Economic Development Partnership no sooner than July this year, according to a department letter given to legislators Tuesday. Two of the department’s divisions had been scheduled to be moved by June and three more by December.

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The State of Things
11:47 am
Wed January 22, 2014

North Carolina's Innovation Economy Has A Long Way To Go

NC Department of Commerce
Credit NC Department of Commerce

  

  A new Report by the North Carolina Department of Commerce's Office of Science & Technology  shows the state is a leader in innovation, but it also points out the many ways in which we need to improve. 

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Business & Economy
9:15 pm
Tue January 7, 2014

Veteran CEO Tapped To Lead NC Commerce Privatization Plan

Richard Lindenmuth, new Interim CEO of the Economic Development Partnership of North Carolina
Credit NC Commerce

The state Commerce Department has hired a new leader to re-vamp and privatize economic development across the state.  Richard Lindenmuth is the new Interim CEO of the Economic Development Partnership of North Carolina.

Lindenmuth has served as CEO of more than ten companies, and was president of ITT's Business and Consumer Communications Group in Raleigh.

Commerce Secretary Sharon Decker promised a total re-organization of her department.  So, today, she and Governor Pat McCrory announced their choice for head of the new state partnership.

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Politics & Government
10:43 pm
Wed December 11, 2013

NC Commerce Talks Privatization

NC Commerce Secretary Sharon Decker.
Credit NC Commerce

North Carolina’s Economic Development Board is reviewing strategies and making suggestions on how to help re-vamp the state Commerce Department.

Commerce Secretary Sharon Decker says she’s pretty positive the Economic Development Partnership of North Carolina will be a reality.

“It’s a total re-organization, it is indeed.  Redesign, I guess is a better way to say it," said Decker.

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Military
5:00 am
Mon November 11, 2013

Commerce Says Military Veterans And Economic Opportunity Equals Good Fit

Some 60,000 NC based military personnel are projected to leave the military over next five years.
Credit usmilitary.com

A report by the state Commerce Department highlights the economic impact of the military in North Carolina.

The Commerce Department says the state has a tremendous opportunity to grow the economy by helping military personnel find employment after their service ends. 

More than 60,000 people stationed in North Carolina are projected to leave the military over the next five years.  Commerce spokesman Josh Ellis says many of them will stay here.

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The State of Things
12:14 pm
Wed October 30, 2013

Privatized Commerce Corporation Raises Critics’ Ire

Credit NC Department of Commerce

Big changes are coming to the state commerce department.

A new public/private non-profit will be taking over some of the duties of recruiting new business to the state next year. But critics of the N.C. Partnership for Prosperity say similar efforts in other states have failed. Host Frank Stasio talks to 

   about the controversy.

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Business & Economy
6:41 am
Tue October 22, 2013

State Jobless Numbers Delayed

NC jobless figures delayed because of government shut down.
Credit NC Policy Watch

The state Commerce Department was scheduled to release North Carolina’s September jobless rate today.  But figures are on hold because of the federal government shut down.

Just like every other state across the country, North Carolina’s jobless numbers are crunched by the Bureau of Labor Statistics.  But the 16-day government shutdown has resulted in a delay to the states.  Most of the people responsible for analyzing the data were furloughed.

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Business & Economy
12:29 pm
Mon August 19, 2013

N.C. Unemployment Rate Up Slightly After Months Of Decline

A job fair at Wake Tech earlier this year. The state unemployment rate rose 0.1 percent last month.
Credit Wake Tech Community College

The state unemployment rate is up for the first time since January. 

North Carolina's Commerce Department said this morning July's jobless rate was 8.9 percent, up from 8.8 percent the previous month.  The rate had been dropping or staying level for five straight months until now. 

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