RALEIGH – North Carolina has been a mainstay on ‘Best States’ lists this decade, especially when it comes to the economy and business environment. Our state is growing, perhaps even enough to earn us another representative in congress after the 2020 census, but what sectors have seen the most growth in the last 10 years?
The Triangle Business Journal took a look at new studies to answer that very question, and it gives some insight, or confirmations about our economy and how it changes. Long gone are the days that manufacturing leads growth, and here to stay are more and more white collars.
A new study found careers in North Carolina’s business sector saw the fastest rate of growth during the last decade.
[…] In North Carolina, the fastest growing occupation was financial examiners, going from just 680 jobs statewide in 2009 to more than 4,000 in 2018 — a nearly 500 percent increase.
As described by the Bureau of Labor Statistics, financial examiners, with a median salary around $80,000, ensure compliance with laws governing financial institutions and transactions.
North Carolina, with a population now above 10.3 million, has one of the fastest growing economies in the U.S. The state’s unemployment rate is around 4.5 percent — and it’s even lower in the Triangle. […]
In 2018, 35 percent of NC’s workforce (1.5 million people) were employed in the business sector, the study found, compared to 6 percent in education and nearly 14 percent in health care. Industrial occupations accounted for 20.5 percent of the state’s workforce.Notice: The WPP_Query class has been deprecated since 5.0.0. Please use \WordPressPopularPosts\Query instead. in /www/wp-content/plugins/wordpress-popular-posts/src/deprecated.php on line 43
Even while not the fastest growing, the industrial component still represents one out of every five workers in this State. The business sector will only continue to grow as people expand service innovations and create new value. North Carolina seems to have a pretty good combination of workforce strengths, beautiful scenery from end to end, and low taxes. It’s no wonder it’s consistently ranked one of the ‘best states’ in the nation.
Read more from Triangle Business Journal.