Economy

  • Ranking North Carolina’s 21st Century Job Growth

    North Carolina’s private sector workforce shrank by 0.8% over the past decade. Only 15 states saw losses at a greater rate. That’s the finding of an analysis which compared total private sector jobs from January 2000 to July 2010. North Carolina is among 18 states experiencing a net loss of private sector jobs since the beginning of 2000.

  • Taxpayer Dollars Finance “A Good Old Fashioned Orgy”

    Debate over expanding North Carolina’s film incentive program prompted the Civitas Institute to investigate the types of movies produced here. Roughly $700,000 taxpayer dollars went to subsidize the production of a raunchy R-rated film entitled, “A Good Old Fashioned Orgy” in 2008. According to Internet previews of the film, the plot centers around a group of 30-somethings still living at home who decide to throw an end of summer party that turns into an orgy. The film’s parent company, GOF Productions, applied for and received film incentive credits from the North Carolina Department of Revenue totaling $713,104. The film has not yet been released in theaters.

  • Corporate Welfare Undermines Economy

    State politicians, ranging from Gov. Beverly Perdue to U.S. Sens. Richard Burr and Kay Hagan, descended on the Research Triangle Park recently to help celebrate an economic incentive deal with Cree Inc., a Durham-based light manufacturer. The deal will reportedly "create" 244 jobs.

  • Number of Unemployed in North Carolina Tripled Since 2000

    Over the last decade, the number of North Carolinians in the unemployment line almost tripled, increasing by nearly 300,000. At the same time, the state was a net loser of private sector jobs, with more than 130,000 such jobs being lost from 2000 to 2010.

  • Report Card on County Government Growth

    From 2000 to 2009, 73 of North Carolina’s 100 county governments grew their workforce at a faster pace than their respective private sector employment. Furthermore, 60 county governments expanded their payrolls at a rate that exceeded the county’s population growth over the same period. Find out where your county ranks!

  • Analyzing the State Legislative District Polling – Part 2: Is It Just “The Economy, Stupid”?

    Most everyone assumes the economy and unemployment are the two most important issues in deciding the elections this year, but are those the only issues that matter to voters?  In Part 2, we sort through the numbers to find out.

  • Wage Gap Between State Government and Private Sector Workers Doubles

    As North Carolina struggles with double-digit unemployment and stagnant wages, the wage gap between state government employees and private sector workers doubled over the last decade, according to an analysis released today by the Civitas Institute.

  • North Carolina’s Growing Income Gap

    There is a widening gap between two major classes of income earners in North Carolina. In the modern-day version of the "haves" versus the "have-nots," state government workers earn significantly more in wages and benefits than North Carolina's private sector workers. Indeed, the wage gap between state government employees and private sector workers in North Carolina doubled from 2000-20091.

  • Municipal Government Workforce Thrives While Private Sector Struggles

    The number of local government workers at the municipal level in North Carolina grew at nearly twice the rate of private sector workers, and also outpaced the state’s population growth, over a recent ten-year period, according to an analysis released today by the Civitas Institute.

  • As Private Sector Struggles, Local Government Workforce Expands

    The number of local government workers at the municipal level in North Carolina grew at nearly twice the rate of private sector workers, and also outpaced the state’s population growth, over a recent ten-year period.

  • Spending isn’t stimulating

    This article first appeared in the June 26 News & Observer. RALEIGH -- Nearly a year and a half has passed since President Barack Obama signed the federal stimulus package into law. How is that working out? The president's own economic advisers assured us that the deficit spending would help boost economic recovery and keep the nation's unemployment rate under 8 percent. As of May, it stands at 9.7 percent.

  • Federal Earmarks Make State Economies Worse Off

    Want to get North Carolina state lawmakers as excited as a kid on Christmas morning? Tell them that some "free" federal government money is coming to the state. Indeed, many of us can recall last year when Gov. Bev Perdue excitedly declared she would "drive a truck" down to South Carolina because she was so giddy over the prospect of North Carolina taking any federal recovery funds our southern neighbors may refuse...

  • Unnecessary Burdensome Fees and Regulations Hurt Small Business

    Regulation of Appraisal Management Industry Hurts Small Business and Consumers While Big Business Gets Bigger. Small business will be priced out of the market by $5,000 registration fees, a $2,500 annual fee and numerous compliance costs. Consumers will suffer as taxes and fees are ultimately passed along to them.

  • State Employment Grows while More North Carolinians Lose Jobs

    The number of state government employees in North Carolina has risen at a healthy clip at the same time the private sector lost 50,000 jobs. North Carolina state government added 34,824 full-time equivalent positions from 2001 through 2009, an increase of 12.3%...

  • Tax Credits To Hollywood Fat Cats Fails To Create Jobs

    HB 713 would expand North Carolina’s existing tax credit to corporations shooting movies or television shows in North Carolina. The tax credit is being expanded under the guise of “creating jobs.” Studies show, however, that film incentives do not create jobs, and end up being a drag on state budgets. In the current economic climate, it seems especially harsh to expect hard-working North Carolinians to pay for a tax break to wealthy Hollywood executives.

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