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Topics Related to Labor Market
Every June, thousands of North Carolina high schoolers toss their graduation caps into the sky and step into the unknown. But where do they actually land? We dug into the data of more than 950,000 students who graduated from NC public schools between 2014 and 2023 to find out. Thanks to the NC TOWER which tracks employment and higher education outcomes, we can follow the journeys of about 92% of these grads through jobs and colleges both in and out of state.
Our recent The LEAD Feed article introduced the issue and examined the factors contributing to a more complex labor market for recent graduates compared to previous years. Using data from NC TOWER, the article showed that the class of 2023 experienced a somewhat unexpected decline in first-year post-college wages.
In this edition of NC Economy Watch, we examine the challenges faced by recent college graduates in North Carolina. While college remains a worthwhile investment for most students, recent college graduates are confronting a more difficult labor market than in previous years as they navigate technological change and the ups-and-downs of the post-COVID economy.
The Labor & Economic Analysis Division (LEAD) recently released the 2032 Regional Long Term Industry Projections for North Carolina. As reported in the summary of the 2032 Statewide Long Term Employment Projections earlier this year, over 500,000 new jobs are expected to be added to the North Carolina economy between 2022 and 2032, representing a percentage change of 10% . However, these trends vary significantly by region and industry.
The Labor and Economic Analysis recently released the 2032 Regional Employment Projections for nearly 140 industries and 840 occupations. These projections estimate future workforce demand based on historical employment trends and a range of economic factors and offer valuable insights for shaping education and workforce planning in North Carolina.
Last year, we published two articles examining the employment outcomes of older jobseekers in North Carolina’s labor market. This year, in recognition of Reentry Month, we take a closer look at what happens to older individuals after they leave prison in North Carolina.
Employer demand for healthcare workers soared after the COVID-19 recession, with job openings peaking in 2022-2023 before moderating throughout 2024. Despite easing labor market conditions, healthcare employers still struggle with hiring challenges, ranging from having too few applicants to having candidates with insufficient work experience. In this second installment of a series on the healthcare workforce, we explore the healthcare labor market from the perspective of employers.
Toward the end of 2024, there were about 82,600 federal employees in North Carolina, accounting for 2% of the state’s total employment. Using the latest available data, we map out where federal employment is concentrated across the state.
In this edition of NC Economy Watch, we examine the employment data revisions just released by the US Bureau of Labor Statistics. These revised data show job growth slowing and job gains narrowing, with the Education & Health Services and Government sectors accounting for 97% of our state’s net job growth in 2024. Meanwhile, revised data also show that the Asheville metro area had more economic momentum going into Hurricane Helene than initially estimated, a hopeful sign for the region’s post-hurricane employment recovery.
Women in North Carolina are earning postsecondary degrees at higher rates than men, yet a significant earnings gap persists. This analysis explores how education, earnings, and field of study intersect to shape gender wage disparities in the state.