NC
Strategic Scorecard |
6.1.3 Employment |
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Target: Less
than 90% of US average unemployment rate
Actual: 100%
of US average
US
Rank 2005: 29th ((tie);
down from 12th (tie) in 1996)
SE
Rank 2005: 5th (down
from 1st (tie) in 1996)
SE
Region: AL
FL GA KY MS NC SC TN VA WV Updated
x/xx/06
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| Primary
Performance Indicator |
Unemployment Rate
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Performance
Trend:
The
trend depicts the degree to which actual
performance has approached the target in
recent years. |
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Comments
• |
After
three years ranked among the 10 worst states in unemployment,
NC improved in 2004 to the 32nd lowest rate and,
for the first time since 2000, fell below the national
average unemployment rate.
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In
2005, NC’s unemployment rate was equal to the
national average, tying it for 29th in the US (and
ranking it 5th in the SE region). |
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Definition
(What Is Being Measured)
Aggregate
state unemployment rate per the US Labor Department.
Source: US
Bureau of Labor Statistics, Regional and State Employment
and Unemployment (a),
( b);
NC Employment
Security Commission;
rankings from Morgan Quitno. |
Relevance
(Why This Is Important)
The
unemployment rate indicates adults looking for work, but not necessarily
those who are out of work but, for whatever reason, have stopped
actively looking for work. |
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| Other
Highlights |
| North
Carolina |
• |
NC’s
aggregate adult employment rate has declined slightly in
the last three years, even as the unemployment rate has
improved; as of 2005, NC’s employment rate remains
below the national average, and our competitive rankings
are 34th in the US and 3rd in the SE region (Source: BLS). |
• |
From
1993 to 2003, NC was 16th in the US and 4th in the SE region
in non-agricultural employment growth (Source: Bureau of
Labor Statistics, State Employment Data). |
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NC's
economic recovery, however, has been largely limited to
its urban economic centers. |
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| Other |
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In 2003,
NC's average unemployment insurance taxes per employee,
an indicator of unemployment incidence, were the 23rd lowest
in the US and 8th lowest in the SE region (Source: US Dept.
of Labor). |
| Southeast
Region |
National |
Global |
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Goal
6.1: Promote
Dynamic and Sustainable Economic Growth |
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