Keeping the lights on is a top priority for every North Carolina household, but as energy costs keep climbing, more families are falling behind.
Tag Archives: economy
North Carolina’s unemployment rate edged lower in August, according to the latest figures from the U.S. Bureau of Labor Statistics.
The state’s seasonally adjusted unemployment rate fell to 3.5% in August, down from 3.6% in July.
Inflation Held at 3.4 Percent in August as Gas Prices Jump
Consumer prices rose 0.4 percent in August and were up 3.4 percent from a year earlier, the Bureau of Labor Statistics reported Friday, matching July’s annual rate but up sharply from its 0.1 percent monthly gain.
Unemployment Rose in All 100 Counties in July, With the Sharpest Rates East of I-95
Unemployment rates climbed in every North Carolina county in July, and the widest gaps in the state fall inside this region.
August Set a Record at the Pump, With Gas Above $4 Every Single Day
For the first time in the history of AAA’s tracking, the national average price of a gallon of regular gasoline stayed above $4 on every day of a month.
Consumer Sentiment Sinks to Near-Record Low as Households Brace for Higher Prices
Americans feel worse about the economy than they have at almost any point on record.
Job Growth Surges in September, Unemployment Drops to 4.1%
The U.S. added 254,000 jobs in September, lowering unemployment to 4.1%. Restaurants, healthcare, and construction sectors were among the biggest contributors.
Unemployment ticks down, labor market remains strong, latest numbers show
A recent U.S. Bureau of Labor Statistics report shows continued job growth and a declining unemployment rate, with wages rising faster than inflation for the past 16 months. As the economy remains a top priority for 81% of voters, economists are watching for potential risks from high interest rates, though the current labor market remains strong.
Johnson & Johnson to Build $2 Billion Biologics Plant in North Carolina
Johnson & Johnson plans to build a $2 billion biologics facility in Wilson, NC, creating 420 jobs. The plant will support key therapies and bolster North Carolina’s pharmaceutical industry.
Federal Reserve Delivers Bold Rate Cut to Boost Economic Growth Amid Inflation Easing
The Federal Reserve has cut its benchmark interest rate by 50 basis points to 4.75%-5%, its first reduction since 2020, aiming to support economic growth as inflation cools.