North Carolina Competitiveness

Transcription

1 North Carolina Competitiveness NC 200, , , , , ,000 80,000 60,000 40,000 20,000 0 The Punch Job Change 1990 to ,905 The loss of about 8 of our traditional manufacturing jobs 30,685 16,530 6,119 92,531 8,338 86,962 Textiles Tobacco App/Cut Sew Furniture 30, Source: NCESC.com 1

2 NC Employment Changes By Sector % 1% 3% 1% -9% -14% -13% -18% -26% -3-42% Total Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Trans/Ware Info Finance/Ins Real Estate 4 35% 27% 28% 28% Prof/Tech Education Health Art/Enter Accom/Food Employees on nonfarm payrolls by state and selected industry sector, seasonally adjusted Source: QCEW County Sector Data NC and Prosperity Zone 8 Employment Changes By Sector 6% Total -23% Agriculture 55% Utilities -21% -25% -2% Construction Manufacturing Wholesale % Retail -12% -3% -2% Trans/Ware Info Finance/Ins 1% Real Estate 35% 34% 318% 28% Prof/Tech Education Health Art/Enter Accom/Food Employees on nonfarm payrolls by state and selected industry sector, seasonally adjusted Source: QCEW County Sector Data 2

3 15% 1 5% -5% -1-15% -2-25% -1.8% Prosperity Zone Comparisons Total Job Growth % 5.4% -9.9% 9.2% -2.6% -0.9% 6.4% Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Source: QCEW County Sector Data Prosperity Zone Comparisons Total Manufacturing Growth % -33.8% -36.4% -41.4% -42.6% -46.7% -46.1% -53.1% Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Source: QCEW County Sector Data 2013 Economic Strength Ranking for NC Metropolitan and Micropolitan Statistical Areas Of 366 Metropolitan Areas Top Third (7) Middle Third (3) Bottom Third (4) Of 576 Micropolitan Areas Top Third (8) Middle Third (4) Bottom Third (14) Source: Policom.com,

4 NC Employment Growth 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , Jan Annual Employment Source:NCESC.com % % % % 1.2% Southern States 1-Year Employment Changes July 2012 to July % 2.8% 1.2% % 1.8% 2.2% 1.7% 0.6% % 2.7% 1.4% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV 0.8% Source: U.S. BLS, Dec, Measured July July 2013 Southern States 1-Year Employment Changes 300, , , , , ,000 50, ,800 13, , ,100 69,200 39,000 46,800 24,200 36,800 18,900 32,300 23,400 9,700 51,600 6,400 AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. BLS, Dec, Measured May 2012 to May

5 25% 2 15% 1 5% NC Real GDP By Industry % 2 18% 15% 14% 11% 13% 11% 11% 1 7% 7% 5% 5% 4% 4% 4% 3% 3% 3% 3% 2% 2% 1% 1% 1% NC South Source: Georgetown Public Policy Institute, Carnevale and Smith, July 2012 Southern States Per Capita Income (% Different from Nation Change) % 20.5% 7.5% % 39.2% 8.5% 1.5% U.S. Change 120.6% Inflation 73% 31.5% -5.1% % 19.7% 18.2% 11.2% 6.7% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: bber, University of New Mexico NC Per Capita Income Compared to U.S $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $ United States NC Source: bber, University of New Mexico 5

6 5. 4.5% % % % % 0. Southern States Real Personal Income Change 2011 U.S. Change 2.7% 1.6% 2.6% 2.2% % 2.5% 2.7% 2.1% 1.7% 1.3% 4.1% 1.9% 2.1% 4.3% 2.9% 2.2% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: BLS, June Southern States Percentage of People Living Below the Poverty Rate 15.9% % 20.4% 19.1% 19.1% % 15.8% 22.6% 18.9% 18.3% 18.5% 17.9% 17.2% 11.5% 18.6% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV PERCENT OF PEOPLE BELOW POVERTY LEVEL IN THE PAST 12 MONTHS (FOR WHOM POVERTY STATUS IS DETERMINED Source: US Census, American Fact Finder, July 2013 GDP/Capita Changes in the NC $50,000 $45,000 $40,000 $35,000 $30, NC USA Source: BEA, Oct

7 Major Global Trends Impacting Competitiveness Urbanization We Are Becoming A World Where People Live in Urban Regions U.S. Population Concentration Metro-Non-Metro Almost 6 of US population lives in Cities of 1 million or more In 2012 over 9 of GDP and 86% of all jobs are in metropolitan areas Metro Non-Metro Source: Census 7

8 Southern States % of Population Rural % 44% 25% 42% 27% 3 51% 34% 34% 34% 34% 25% 51% 2 1 9% 13% 15% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. Census 2010 NC Gross State Product 2011 Other Metros 6% Non-Metro 19% Charlotte 25% Fayetteville 4% Asheville 3% Hickory 3% Wilmington 3% Piedmont Triad 14% Research Triangle 23% Source: IHS Global Insight, 2013 The Talent Bar 8

9 US Adults Years School Completed % In 1980, 32% had some college & 17% BA In 2010, 56% some college & 3 BA 37% 31% 31% 3 26% 14% 15% 17% 13% 5% 5% Less than HS HS Grad Some College BA plus Degree attainment Rate By Southern State % 4 35% 3 25% 2 15% 1 5% 32% 28% 45% 44% 37%36% 36% 38% 3 32% 28% 3 35%32% 34% 26% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: Lumina Foundation, March 2012 Technology 9

10 McKinsey & Company Disruptive Technologies: May 2013 Energy Mobile Internet Advanced Materials Next Generation Genomics Robotics, Cloud, Digital-intelligence, 3D Printing Global Interdependence 10

11 Today s Persistent New Reality The economy changed The competition changed Locational factors changed The U.S. workforce has changed The talent demands changed Life cycles have changed Tools have changed Customer (talent & companies) demands/expectations changed The pace of change and everything else changed A society grows great when old men plant trees whose shade they know they will never sit in. Greek Proverb Listening Tour Recap 11

12 Listening Tour Recap By the numbers: 8 events 11 weeks 150+ social media mentions 1,000+ assessment surveys 1,000+ participants 1,920 miles traveled Survey Recap Top 3 What are you hearing about quality of workforce? 1. Employers have trouble finding the right technical skills 2. Employers have trouble finding people with soft skills 3. Employees have good skills but need retraining for specific job requirements Survey Recap Top 3 What is reason for skills gap between workers and available jobs? 1. Mismatch between what is being taught in K-12 and skills that employers say are necessary 2. Mismatch between what is being taught in higher ed and skills that employers say are necessary 3. Demographics aging population with lack of new skills 12

13 Survey Recap Top 5 What can the state do to help businesses in your region? 1. Invest more in local infrastructure 2. Invest more in education 3. Invest more in job training 4. Reduce government regulations 5. Provide more access to capital Survey Recap Top 5 What is most important role of state govt. to grow economy and create jobs? 1. Train and retrain workers 2. Provide incentives to attract companies 3. Aggressive marketing and branding 4. Provide technical assistance to help existing businesses grow 5. Provide capital to small businesses to help them grow JOBS NORTH CAROLINA North Carolina Economic Development Board Recommended Strategies for Economic Growth Identify key growth industries & develop a brand strategy to maximize statewide growth for high quality, sustainable jobs. Create a competitive business climate that drives job growth, retention & attraction in every sector of the economy statewide. Promote innovation, attract early-stage investment and support entrepreneurs. Attract the creative class and retiree population to North Carolina. 13

14 JOBS NORTH CAROLINA North Carolina Economic Development Board Recommended Strategies for Economic Growth Develop and retain a globally competitive workforce with the knowledge and skills for high quality, sustainable North Carolina jobs. Spread prosperity, jobs and investment to the rural areas of the state. Develop programs that provide local communities with the opportunity to thrive. Streamline economic, workforce and community development functions and measure the effectiveness of state development activities. Leadership and learning are indispensable to each other. John F. Kennedy ted@econleadership.com 14