Orange County NC Website
Browse       Search
14 <br /> Figure 2. Economic Sector Growth Rate (%)in North Carolina, 2009-2015. <br /> Prof&busunsess sery <br /> Infforrnatuon <br /> I...eu:ure &food servuce <br /> DurabOe rnanuff <br /> Trade <br /> franspp&warehousung <br /> Funancual servuces <br /> Educ&heaOth care <br /> Farrnung&forestry <br /> Constructuon <br /> Euu 00000. 10100100oni 006 aiu <br /> 30 20 J..0 0 10 20 30 40 50 <br /> Source: U.S. Bureau of Economic Analysis. <br /> Statewide Labor Market Trends <br /> Figure 3 shows recent annual job growth rates in North Carolina and the U.S. In six of <br /> the seven years from 2010 to 2016 North Carolina's annual job growth rate exceeded the <br /> national job growth rate (the exception was 2011). For the first six months of 2017, both North <br /> Carolina and the U.S. added jobs at an annual rate of 1.6%. <br /> There's also a noticeable trend in the job growth rates for both the nation and North <br /> Carolina. Job growth rates generally increased from 2010 to a peak in 2014 (for the U.S) or <br /> 2015 (for North Carolina) and then have dropped. Jobs are still being added in 2016 and 2017, <br /> but just at slower rates. The state added over 99,000 payroll jobs in 2016, but if the current pace <br /> continues, the gain will be closer to 75,000 in 2017.2 This trend could simply be a typical pattern <br /> of accelerating growth immediately after a recession, then followed by more moderate growth as <br /> 2 Annual changes are measured on a June to June basis. <br /> 3 <br />