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State Government
Recovery Watch: N.C. Unemployment Rate Drops Again To 5.8 Percent PDF Print E-mail
State Government
By Administrator   
Monday, 22 December 2014 05:35

RALEIGH, (SGRToday.com) - North Carolina's economic recovery continued in November, with the unemployment rate dropping again. The state Department of Commerce reports the rate is now 5.8 percent, down from 6.3 percent in October.

The 5.8 rate is the lowest level in six years.

 “Our state’s unemployment rate has now dropped 3 full points since I entered office two years ago," said Gov. Pat McCrory in a video statement. "But what I’m most happy about is the 176,000 new jobs we’ve added since I became governor.”

 North Carolina’s November 2014 unemployment rate was 1.4 percentage points lower than a year ago, according to The number of people employed increased 9,964 over the month to 4,362,813, and increased 31,498 over the year, according to Commerce data. The number of people unemployed decreased 23,498 over the month to 270,675, and declined 63,163 over the year.

Read the entire labor market analysis at https://www.ncesc1.com/PMI/Rates/PressReleases/State/NR_Nov_2014_StRate_M.pdf

Watch the governor's statement at www.youtube.com/watch?v=-DhuNKK7-9Y

 
Mileage Reimbursement Rate To Increase January 1 PDF Print E-mail
State Government
By Administrator   
Friday, 19 December 2014 05:37

RALEIGH, (SGRToday.com) - State Budget Director Lee Roberts has notified agency heads that the mileage reimbursement rate will increase to 57.5 cents per mile as of January 1.

In a memo, Roberts also asked department leaders and fiscal officers to continue using the 30 cents per mile rate for employees who choose to use personal vehicles on state business trips that exceed 100 miles roundtrip when a state vehicle is available.

"In addition, if a state owned vehicle is not available for the employees' state business travel regardless of the distance, he or she shall be reimbursed at the IRS rate."

The full Roberts memo is available at osbm.state.nc.us

 
2014 Tally: $2.6 Billion In Capital Investment In North Carolina PDF Print E-mail
State Government
By Administrator   
Wednesday, 17 December 2014 06:21

RALEIGH, (SGRToday.com) - The North Carolina Department of Commerce has released 2014 data on efforts to recruit and retain jobs and job creators in our state.

Data reflects activity through December 15, 2014.

Projects announced: 96

Jobs announced: 15,609

Capital investment announced: $2.6 billion

 
Surprise? N.C. Gas Tax To Increase 1 Cent Despite Recent Drop In Crude PDF Print E-mail
State Government
By Administrator   
Wednesday, 17 December 2014 05:28

RALEIGH, (SGRToday.com) - Prices are falling rapidly at the gas pump, thanks to a precipitous drop in the price of a barrel of crude oil, yet North Carolina's gas tax will increase 1 cent at the pump as of January 1.

The rate will rise from 36.5 cents to 37.5 cents.

The notification from the Department of Revenue about the increase came as a surprise to some, considering that the state's gas tax rate is calculated, in part, on the average price of crude over the past six months.

The state explains, however, that the average of the past six months includes the very peak of crude prices -- April through September. It was last summer when crude began to decline. Based on that, analysts expect that when the gas tax is recalculated in six months, the lower prices will impact the calculation and the tax is likely to drop.

North Carolina's gas tax was capped at 37.5 cents per gallon by the General Assembly.

 
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