Labor shortages among child care providers and their challenges raising pay limit the number of children facilities can serve. This places pressure on parents and leads some to restrict their labor supply, among other economic impacts. These proposals in Governor Cooper’s budget could help providers increase pay and serve more families.
Topics Related to Labor Market
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Find out which workers by race and ethnicity are overrepresented in automation exposed industries.
In this edition of NC Economy Watch, we examine the employment data revisions just released by the US Bureau of Labor Statistics. These revisions change what we thought we knew about conditions in certain sectors of the economy. Overall, however, the revised data continue to demonstrate that, although our economy is slowing, it’s still growing.
Data shows workers with young kids in North Carolina have lower labor force participation rates. High prices, too few available spots at child care facilities, and more are all contributing factors, and it takes a toll on our economy.
The aging of North Carolina’s workforce coupled with slowing population growth speaks to the ever-increasing role that immigration will play in alleviating labor shortages in the years to come. Yet despite its economic importance, international migration remains lower than levels seen in past decades, and COVID-19 disruptions have further hampered immigration in recent years. In this article, we dive deeper into the impact that immigration has on the state’s workforce.
In a previous blog, QWI data revealed several industries that have wage growth for Black workers consistently exceeding that of White workers, higher than average wages, and projected employment growth faster than the state. This blog will share further insights about one of those industries in particular, Chemical Manufacturing.
Black workers’ earnings continue to lag behind white workers, but are there industries where the gap is closing? This blog uses Quarterly Workforce Indicator data from the US Census Bureau to highlight some industries where this gap is changing.
North Carolina posted strong economic numbers in 2022. Here are five trends LEAD is watching in 2023.