NC in Focus: Economic Activity of Young Adults

By on 7.17.14 in Economic Data

“Young adults ages 20 to 24 are more likely to be neither working nor enrolled in school than their counterparts two decades ago. […] The numbers are worrying because people in their early twenties are at a critical juncture in their lives. The questions they’re tackling—What should I do for a living? Should I get a degree in this or that? How can I land a good first job?—will shape the rest of their lives.…

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North Carolina’s Economically Distressed Tracts & Neighbors, Pre- and Post-Recession

By on 6.23.14 in Economic Data

Researchers at UNC’s Center for Urban and Regional Studies identified 162 economically distressed tracts in North Carolina based on the 2007-2011 American Community Survey. Each distressed tract met three criteria: Unemployment rate greater than or equal to 14.5% Annual per capita income less than or equal to $16,921 Poverty rate greater than or equal to 24% Statewide, these 162 tracts represent 7.4% of North Carolina’s 2,195 census tracts. An additional 477 census tracts were not…

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NC in Focus: Personal Income by Source, 1969-2012

By on 5.15.14 in Economic Data

After reading this article about trends in non-earned income, I became curious about the trends in overall personal income by source. The U.S. Department of Commerce’s Bureau of Economic Analysis has a wealth of local and regional data. They report annual aggregate personal income, as well as the source of personal income. Because the BEA measures include the value of “in-kind” transfers, such as Food Stamps (SNAP) and medical payments from Medicaid/Medicare, they capture the…

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NC in Focus: Long-Term Unemployment

By on 5.1.14 in Economic Data

“One of the defining features of the Great Recession and not-so-great recovery has been the surge in long-term unemployment… Analysts have advanced several explanations for the persistence of long-term unemployment: an unintended consequence of extending jobless benefits; a mismatch between the skills unemployed workers have and what employers want; a breakdown in the efficiency of labor markets; or simply bad timing. Whatever the reason, it’s a major concern for policymakers, who fear that many of the long-term unemployed may never find their way back into…

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Where to Buy the “12 Days of Christmas”

By on 12.9.13 in Economic Data

Each year since 1984, PNC Wealth management has calculated the total cost of purchasing all of the items in the popular holiday song the “12 Days of Christmas.” This year’s bill would set you back a hefty $27,393, more than 34 times the amount the average household plans on spending this year ($801) according to the American Research Group. If you happen to have an eccentric (and lavish) holiday gift budget—or just like to pretend…

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Are 93% of men in Polkton, NC, really unemployed?

By on 10.21.13 in Economic Data

I stumbled across the following table while searching for some North Carolina information: Table 1. “Employed Male Civilian Population Percentage City Rank” (low to high), 2006-2010 ACS This table supposedly represents the percentage of the male civilian population that is currently employed based on the 2006-2010 American Community Survey data. As a demographer who works with social and economic data, the standard definition of the civilian population is the subset of the total population 16…

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