RALEIGH – With the advent of long overdue Republican tax and regulatory reforms that made it easier and more profitable for businesses to operate, the Old North State pulled ahead of its peer pack as those businesses add to their payrolls in response to, or in anticipation of, growth.
The latest numbers from the N.C. Department of Commerce show that the trend continues, with the state economy adding 91,964 jobs over the last 12 months according to October employment figures.
That’s the fastest pace since May when the economy added 97,270 jobs over the previous year.
The state’s October unemployment rate remained unchanged at a 17-year low of 4.1% , and the number of people unemployed in North Carolina decreased 47,385 over the last 12 months.
While conservatives understand fully that the government does not ‘create jobs,’ they also understand that government is exceedingly capable of killing jobs and prosperity with burdensome taxes and regulations.
It’s impossible to assign aggregate jobs numbers to any one policy, but the notion that this type of resilient growth would be happening under a Democrat majority on Jones Street is delusional at best. Residents are lucky Roy Cooper is as weak as he is.
Further tax reductions and yet more regulatory streamlining are expected when lawmakers return to session in January, extending the case study in fiscal and economic conservatism and allowing the employees and employers to keep more of their money to better their lives.