November 21, 2008
Long-term North Carolina job prospects
Although the immediate job future isn't bright, we do expect the economy eventually to rebound. When it does, what sectors will experience the greatest job growth in our state?
Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:
"This is really important because although people, I think, are down on the economy now with job prospects not very bright, the economy will come back. North Carolina's still projected to be one of the fastest growing states in the future, so we will generate jobs. In terms of where the biggest job-gainer sectors will be, health care tops the list. I think that's obvious because of an aging population. We're spending more on keeping ourselves healthy, so anything in health care will generate jobs. Professional services, everything from engineers to architects, CPAs. Construction. As we grow, we will need more buildings and houses and so forth. And tourism. North Carolina still is a state that has a very active tourism sector, and that is expected to continue to grow in the future. Other sectors that will generate jobs, perhaps not at the same pace, will be wholesale and retail trade, financial services and information technology. Now there will be a couple of sectors where jobs will decline, even though economic output from those sectors will increase. And those include manufacturing and natural resources."
Posted by Dave at November 21, 2008 08:00 AM