Posted today at newgeography.com is an interesting state-by-state analysis of job growth (or loss) over the last four years. What sets this analysis apart is that it measures job changes relative to national trends. In other words, for North Carolina (and all the other states) it measures how many jobs the state should have if it followed national job trends and then compares that to actual jobs in the state. The time frame examined is 2007-2011, so the study essentially examines how states have fared during the recession.
According to this methodology, North Carolina has not fared very well. NC ranks 19th worst, meaning that it has lost ground in terms of its share of the nation’s jobs. The study’s authors offer the following cloudy conclusion for states (like NC) that lost ground:
If a state is hemorrhaging jobs faster than the national economy, there should be cause for concern. There are likely toxic conditions within industry sectors and economic policies that make it very difficult for employment and economic activity to flourish. As the nation recovers these states will likely recover much slower, and other states might just keep pulling more jobs away from them.