October 19, 2021
Economy

How has North Carolina’s Economy changed since 1990?

North Carolina’s economy has grown in the past 30 years, but in what industries, and by how much?  The Quarterly Census of Employment and Wages (QCEW) data accessible via D4.nccommerce.com recently added industry employment data all the way back to 1990.  This blog article will review this newly available data and share what has happened in the state’s economic activities over the 1990-2020 period.   

Let’s start by looking at the big picture statewide:

  Establishements Avg. Employment
1990 153,184 3,079,107
2020 298,296 4,321,018
Source: NC Department of Commerce/LEAD, Quarterly Census of Employment and Wages (QCEW); Statewide 1990 & 2020 Annual

Employment increased statewide and so did the number of establishments . Between 1990 and 2020, statewide annual average employment increased by 1,241,911 or 40%.

To understand where some of the changes in the…

Read full article here: www.nccommerce.com