Record-Breaking Private Sector Wage Growth
Caldwell County ranked 20th out of North Carolina’s 100 counties for wage growth in 2023. Since 2015, wages have grown an impressive 51.5%.
8 Apr 2024
News
Welcome to the April 2024 edition of NC Economy Watch: an update on what’s happening in the North Carolina economy and what it means for you, brought to you by the Labor & Economic Analysis Division (LEAD) of the NC Department of Commerce.
In this edition of NC Economy Watch, we document recent developments on the supply side of the economy. The early years of the pandemic-era economy were characterized by excessive demand and inadequate supply, but more recently, we’ve seen an easing in supply chain conditions and an immigration-fueled expansion of the workforce, both of which have helped drive faster-than-expected economic growth.