NC jobs picture should improve in 2013, says top economist

January 4, 2013

The New Year is expected to bring new jobs into North Carolina says a top economist.

Dr. Mike Walden at NC State expects job growth to continue in 2013, “I’m looking for the state to add 68,000 non-farm payroll jobs. That compares to about 40,000 in 2012.”

For the past few years job growth has occurred, but a slower than average pace.

Historically, North Carolina has been slower than other states when it comes to pulling out of a recession, “We really get hit hard during recessions; we’re sort of slow coming out of the gate during economic recovery, then we pick up steam in third or fourth year of the recovery. We’re right at that sweet spot now. So history is on our side, and we should see a little bit better rebound in jobs.”

Walden explains the state is beginning to see a rebound in manufacturing jobs. He is also optimistic the critical construction sector will gain more traction in the coming year.

 

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