Press Releases

VinFast, the Vietnamese auto manufacturer building a new line of electric vehicles, has selected North Carolina for its first North American automotive assembly and battery manufacturing plant, creating 7,500 jobs, Governor Roy Cooper and Vingroup Vice Chair and VinFast Global CEO Le Thi Thu Thuy announced today during an event at the new Raleigh Convention Center. The company intends to invest up to $2 billion in phase 1 of its project at the Triangle Innovation Point megasite in Chatham County.

The state’s seasonally adjusted February 2022 unemployment rate was 3.7 percent, decreasing 0.2 of a percentage point from January’s revised rate. The national rate decreased 0.2 of a percentage point to 3.8 percent. North Carolina’s unemployment rate decreased 1.7 percentage points from a year ago. The number of people employed increased 18,085 over the month to 4,827,774 and increased 183,269 over the year. The number of people unemployed decreased 10,157 over the month to 187,258 and decreased 75,556 over the year.

Governor Roy Cooper and North Carolina Department of Commerce Secretary Machelle Baker Sanders are encouraging North Carolina employers to hire veterans and to apply for recognition with a HIRE Vets Medallion Award, an official program of the U.S. Department of Labor. The application period runs through April 30, 2022.

The Rural Transformation Grant Fund, a new source of support for rural economic development in North Carolina, is now accepting applications from local governments seeking to overcome challenges that limit their economic competitiveness.  The North Carolina Department of Commerce and its Rural Economic Development Division will administer the $48 million grant fund.

Service Offsite Solutions (SOS), a supplier of offsite homebuilding solutions, will create 235 new jobs in a Lee County expansion, Governor Roy Cooper announced today. The company will invest $11.8 million to build a new manufacturing facility in Sanford. “This expansion is another great economic development win for North Carolina,” said Governor Cooper. “Companies know our capable workforce, central location, and great quality of life are benefits to helping the homebuilding industry meet the high demand in North Carolina.”

A new list of workforce credentials valued by industry and endorsed by a high-level state working group has been published on North Carolina’s career information portal, NCcareers.org. The centralized list will help both students and employees identify the higher priority credentials that employers use to screen workers for in-demand, high-wage careers.

Unemployment rates (not seasonally adjusted) increased in all 100 of North Carolina’s counties in January. Scotland County had the highest unemployment rate at 8.1 percent while Orange County had the lowest at 2.6 percent. All fifteen of the state’s metro areas experienced rate increases. Among the metro areas, Rocky Mount had the highest rate at 6.0 percent while Durham-Chapel Hill had the lowest at 3.0 percent. The January not seasonally adjusted statewide rate was 3.8 percent.

North Carolina’s economy fully returned to the employment level it enjoyed before the COVID-19 pandemic sent the world into an economic recession, state economists said Monday. The state’s economy recovered to pre-pandemic employment levels in July of 2021 and the GDP even earlier, and the state’s economy continues to grow despite concerns of inflation and high gas prices.

North Carolina has received a $4 million federal workforce grant to help workers who lost their jobs due to the tragic December 2021 fire at the QVC distribution facility in Rocky Mount, Governor Roy Cooper has announced. “This new grant will help hundreds of former QVC workers get back on their feet,” Governor Cooper said. “While we’ve already helped many impacted employees get new jobs, many others still need the training and services this new grant provides to help them with new careers.”

The state’s seasonally adjusted January 2022 unemployment rate was 3.9 percent, decreasing 0.2 of a percentage point from December’s revised rate. The national rate increased 0.1 of a percentage point to 4.0 percent. North Carolina’s unemployment rate decreased 1.6 percentage points from a year ago. The number of people employed increased 25,124 over the month to 4,809,793 and increased 179,320 over the year. The number of people unemployed decreased 9,594 over the month to 197,469 and decreased 70,319 over the year.