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How We Commonly See Rural North Carolina   Billy Ray Hall President of the North Carolina Rural Economic Development Cente...
 
 
 
Frequency of Rural Urban Counties by Unemployment Rate Categories (June 2009) UR Categories Rural Urban 9.1% or Less 14 4 ...
 
Workforce Composition Change <ul><li>Manufacturing </li></ul><ul><li>Retail </li></ul><ul><li>Wholesale </li></ul><ul><li>...
Manufacturing  Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Divisio...
Retail Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note:...
Wholesale Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. No...
Services Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Not...
Government Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. N...
Agriculture
Educational Benchmarks Unemployment Rate Categories Percent Graduating 9.1% or Less 74.9% 9.2% - 11.1% 71.2% 11.2% - 13.1%...
 
Change in Unemployment Over Time
Rural Foreclosures
Exhausting Unemployment Insurance
Rural North Carolina and the Road to Recovery  <ul><li>How do we recover?  </li></ul><ul><li>What is pointing the way?  </...
N.C. Economic Development: Regional Snapshots   Advantage West Unemployment Rate: December 2007: 4.7 June 2009: 11.2 Perce...
American Recovery and Reinvestment Act Allocations <ul><li>A projected $8.6 billion in ARRA funding is projected to come t...
Rural/Urban Per-Capita American Recovery and Reinvestment Act  Allocation  Rural Urban Average Per Capita $352.35 $303.93
ARRA funding patterns more complex than simple Rural/Urban comparison  <ul><li>Per Capita by Unemployment Rates:  </li></u...
The 2010 Census:  Implications for Rural North Carolina <ul><li>Why it is important: </li></ul><ul><ul><li>Legislative red...
 
 
Conclusions <ul><li>Recession deeper than any we have experienced in our lifetimes </li></ul><ul><li>Recovery in rural Nor...
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State of Recession in Rural NC

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The slides were prepared for Billy Ray Hall, President of the NC Rural Economic Development Center

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State of Recession in Rural NC

  1. 1. How We Commonly See Rural North Carolina Billy Ray Hall President of the North Carolina Rural Economic Development Center Prepared by R.V. Rikard, Senior Associate for Research
  2. 5. Frequency of Rural Urban Counties by Unemployment Rate Categories (June 2009) UR Categories Rural Urban 9.1% or Less 14 4 9.2% - 11.1% 23 3 11.2% - 13.1% 24 4 13.2% - 15.1% 16 3 15.2% or Greater 8 1 NC 11.0%
  3. 7. Workforce Composition Change <ul><li>Manufacturing </li></ul><ul><li>Retail </li></ul><ul><li>Wholesale </li></ul><ul><li>Services </li></ul><ul><li>Government </li></ul><ul><li>Agriculture </li></ul>
  4. 8. Manufacturing Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note: Data suppression underestimates percentage change across years.
  5. 9. Retail Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note: Data suppression underestimates percentage change across years.
  6. 10. Wholesale Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note: Data suppression underestimates percentage change across years.
  7. 11. Services Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note: Data suppression underestimates percentage change across years.
  8. 12. Government Source: Bureau of Economic Analysis and NC Employment Security Commission, Labor Market Information Division. Note: Data suppression underestimates percentage change across years.
  9. 13. Agriculture
  10. 14. Educational Benchmarks Unemployment Rate Categories Percent Graduating 9.1% or Less 74.9% 9.2% - 11.1% 71.2% 11.2% - 13.1% 69.7% 13.2% - 15.1% 67.5% 15.2% or Greater 70.1%
  11. 16. Change in Unemployment Over Time
  12. 17. Rural Foreclosures
  13. 18. Exhausting Unemployment Insurance
  14. 19. Rural North Carolina and the Road to Recovery <ul><li>How do we recover? </li></ul><ul><li>What is pointing the way? </li></ul><ul><li>How do we recover better than we were before ? </li></ul>
  15. 20. N.C. Economic Development: Regional Snapshots Advantage West Unemployment Rate: December 2007: 4.7 June 2009: 11.2 Percent Change: 6.5 Eastern Partnership Unemployment Rate: December 2007: 5.1 June 2009: 10.9 Percent Change: 5.8 Northeastern Partnership Unemployment Rate: December 2007: 6.0 June 2009: 10.3 Percent Change: 4.2 Piedmont Partnership Unemployment Rate: December 2007: 4.9 June 2009: 11.8 Percent Change: 6.8 Research Triangle Partnership Unemployment Rate: December 2007: 4.0 June 2009: 9.4 Percent Change: 5.4 Southeastern Partnership Unemployment Rate: December 2007: 5.4 June 2009: 10.7 Percent Change: 5.3
  16. 21. American Recovery and Reinvestment Act Allocations <ul><li>A projected $8.6 billion in ARRA funding is projected to come to the state over a 2 year period. </li></ul><ul><li>$3 billion has arrived as of late June, 2009 </li></ul><ul><li>A brief summary </li></ul>
  17. 22. Rural/Urban Per-Capita American Recovery and Reinvestment Act Allocation Rural Urban Average Per Capita $352.35 $303.93
  18. 23. ARRA funding patterns more complex than simple Rural/Urban comparison <ul><li>Per Capita by Unemployment Rates: </li></ul><ul><li>9.1% or Below $350.71 </li></ul><ul><li>9.2% – 11.1% $400.86 </li></ul><ul><li>11.2% - 13.1% $391.91 </li></ul><ul><li>13.2% - 15.1% $292.33 </li></ul><ul><li>15.2 % or Greater $262.88 </li></ul>
  19. 24. The 2010 Census: Implications for Rural North Carolina <ul><li>Why it is important: </li></ul><ul><ul><li>Legislative redistricting. </li></ul></ul><ul><ul><li>Population estimates drive federal/state funding formulas </li></ul></ul><ul><ul><li>It is not too early to maximize participation </li></ul></ul>
  20. 27. Conclusions <ul><li>Recession deeper than any we have experienced in our lifetimes </li></ul><ul><li>Recovery in rural North Carolina will play out over a long period of time </li></ul><ul><li>Poverty in increasing across the state; it will get worse before it gets better </li></ul>

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