Data and Trends 1 of 54 How Is The Economy? 2 of 54 First Lets - PowerPoint PPT Presentation

Data and Trends 1 of 54

How Is The Economy? 2 of 54

First Let’s Look Back LinkedIn (2003) Fitbit (2007) Facebook (2004) Spo2fy (2007) YouTube (2005) Dropbox (2007) Twi9er (2006) Airbnb (2008) Hulu (2008) Smart Phone (2007) Kickstarter (2009) FaceEme (2010) Uber (2009) Pinterest (2010) Snapchat (2011) 3 of 54

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Major Recent (2007) Announcements • Merck & Co. ($300M, 200 jobs) • QuinEles TransnaEonal (1,000 jobs) • NovarEs ($276M, 350 jobs) • Eisai ($105M, 84 jobs) • SEefel Research ($50M, 200 jobs) • United TherapeuEcs ($54M, 175 jobs) • GSK ($92M,200 jobs) • Wyeth ($100M, 200 jobs) • Novo Nordisk ($100M, 200 jobs) 5 of 54

Annual U.S. Nonfarm Employment Change 4,000,000 2,998,000 2,713,000 3,000,000 2,236,000 2,484,000 2,240,000 2,071,000 2,019,000 2,103,000 2,151,000 2,000,000 1,115,000 1,022,000 1,000,000 62,000 0 -1,000,000 -532,000 First quarter of 2017 -2,000,000 -1,757,000 about the same as 2016 -3,000,000 About 7 years of -4,000,000 -3,617,000 monthly private sector -5,000,000 job growth -5,052,000 -6,000,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: US Bureau of Labor StaEsEcs 6 of 54

All States One Year % Nonfarm Employment Change Mar 2016 – Mar 2017 4.0% 3.2% 3.0% 3.0% 3.0% 2.9% 2.7% 3.0% 2.2% 2.2% 2.1% 2.1% 2.0% 2.1% 1.9% 1.9% 1.8% 2.0% 1.6% 1.6% 1.5% 1.5% 1.6% 1.5% 1.4% 1.4% 1.4% 1.2% 1.2% 1.4% 1.2% 1.1% 1.0% 0.8% 0.9% 0.9% 0.9% 0.9% 0.8% 0.8% 0.9% 1.0% 0.7% 0.7% 0.5% 0.4% 0.3% 0.1% 0.0% 0.0% -0.1% -0.1% Utah 3.2% -0.3% -1.0% Florida 3.0% -0.8% Georgia 3.0% -2.0% Nevada 3.0% -2.1% -2.1% Washington 2.9% -3.0% Alabama Alaska Arizona Arkansas California Colorado ConnecEcut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachuse9s Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Source: US Bureau of Labor StaEsEcs 7 of 54

All States One Year Total Nonfarm Employment Change Mar 2016 – Mar 2017 400,000 Total added jobs 2,185,000 346,400 350,000 California 346,400 Texas 249,000 300,000 Florida 246,100 249,000 246,100 250,000 Georgia 131,000 New York 114,300 200,000 Washington 92,400 150,000 131,000 114,300 92,400 79,800 100,000 69,700 63,500 49,000 45,800 60,600 53,000 49,700 49,100 45,100 44,200 44,300 45,300 39,500 25,500 38,500 38,300 36,500 35,800 50,000 28,500 6,400 25,100 28,900 18,700 1,600 10,000 9,500 9,600 14,000 8,100 7,100 7,000 4,500 5,300 3,700 3,600 4,000 2,700 100 0 -1,900 -1,200 -1,900 -6,100 -6,100 -6,900 -50,000 Alabama Alaska Arizona Arkansas California Colorado ConnecEcut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachuse9s Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming New Jersey Source: US Bureau of Labor StaEsEcs 8 of 54

Southern States One Year % Nonfarm Employment Change Mar 2016 – Mar 2017 3.5% 3.0% 3.0% 3.0% 2.5% 2.2% 2.1% 1.8% 2.0% 1.6% 1.4% 1.6% 1.5% 1.4% 1.5% 1.5% 1.2% 1.1% 1.0% 0.5% 0.0% 0.0% -0.1% -0.1% -0.5% -1.0% -0.8% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: US Bureau of Labor StaEsEcs 9 of 54

% Annual Job Change 1990 - Sept 2017 6% 4% 2% 0% -2% -4% -6% -8% 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sep-16 United States North Carolina Source: US Bureau of Labor StaEsEcs Source: US Bureau of Labor StaEsEcs 10 of 54

NC Unemployment Rate Source: Bureau of Labor Statistics/Haver Analytics 11 of 54

Labor Force Participation Rate Source: Bureau of Economic Analysis/Haver Analytics 12 of 54

North Carolina Metros Nonfarm Employment Growth March 2016 – March 2017 3.5% 3.1% 3.1% 3.0% 2.8% 3.0% 2.3% 2.5% 2.2% 1.8% 1.8% 2.0% 1.6% 1.5% 0.9% 1.0% 0.4% 0.4% 0.3% 0.5% 0.2% 0.0% -0.5% -1.0% -0.8% -1.5% -1.4% -2.0% Source: U.S. Bureau of Labor StaEsEcs 13 of 54

North Carolina Metros Nonfarm Employment Growth March 2016 – March 2017 40,000 34,700 35,000 30,000 25,000 20,000 17,600 15,000 10,000 6,800 6,500 4,100 3,800 5,000 2,400 1,700 800 300 400 100 200 - (600) (1,100) (5,000) 14 of 54

Change in Average Employment Dec 2015 – Dec 2016 NORTH CAROLINA State Average 3.4% Source: US Bureau of Labor StaEsEcs 15 of 54

Annual Percentage Job Growth 6% 4% 2% 0% -2% -4% -6% -8% 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sep-16 United States North Carolina RTRP Region Source: U.S. Bureau of Labor StaEsEcs 16 of 54

RTRP Net New Jobs 1990-2016 40,000 33,156 33,649 32,681 30,376 30,000 26,766 26,307 26,115 26,005 24,667 21,277 21,207 23,083 23,079 21,117 18,258 19,738 17,868 20,000 16,708 13,257 10,000 5,890 0 -401 -161 -1,167 -4,203 -10,000 -14,368 -20,000 -30,000 -35,958 -40,000 Source: US Bureau of Labor StaEsEcs 17 of 54

RTRP % Job Shifts 2011 - 2016 50% 42% 40% 25% 30% 24% 21% 23% 20% 17% 16% 16% 20% 14% 11% 10% 10% 2% 2% 1% 0% -10% -6% Source: EMSI 18 of 54

RTRP % Job Shifts 2011 - 2016 In Manufacturing Lost 1,232 jobs in food manufacturing and 1,177 in chemical manufacturing Gained 1,493 jobs in transportaEon equipment manufacturing In Informa2on Gained 3,090 jobs in publishing In Finance and Insurance Gained 2,331 in securiEes & commodiEes Gained 1,754 in insurance carriers In Professional Scien2fic and Technical Services gained 14,192 In Educa2onal services gained 3,240 In Health services gained 16,135 Also added 15,850 jobs in food services and drinking establishments Source: EMSI 19 of 54

Employment Gains by Sector March 2016-2017 2.5% 1.6% Total 1.5% 0.3% Manufacturing -0.2% 0.3% 1.3% 1.1% Trade, Transport & UEliEes 0.7% 3.8% RTRP Metros Financial 2.7% 2.4% NC 5.6% 3.1% Professional & Technical Services 3.2% USA 3.2% EducaEon & Health Services 1.8% 2.6% 2.6% Leisure & Hospitality 2.4% 1.7% 1.1% Government 1.0% 0.7% -1% 0% 1% 2% 3% 4% 5% 6% Source: US Bureau of Labor StaEsEcs & NC Commerce 20 of 54

Tech Sector Employment Growth 2010-2015 – NC Ranks 3rd North Dakota Michigan 20.6% 20.6% North Carolina Texas Utah Delaware Arizona California New York Missouri Colorado Oregon Georgia Massachusetts Illinois Oklahoma 10.9% 10.9% Washington United States District of Columbia Wisconsin Nevada Montana Tennessee South Carolina Nebraska Minnesota Pennsylvania 45% of North New Hampshire Alaska Florida Iowa South Dakota Idaho Carolina’s Tech Ohio Hawaii New Mexico Maine Indiana Connecticut Mississippi Jobs are in the Rhode Island Maryland Louisiana New Jersey Alabama Kansas Virginia RTRP Region Wyoming Arkansas Vermont Kentucky West Virginia -20% 0% 20% 40% 60% Source: : EL estimates based on EMSI 2016.3 21 of 54

Manufacturing 22 of 54

Southern States Manufacturing Share of GSP 25% 21.2% 20.9% 19.2% 20% 17.7% 16.3% 16.1% 14.5% 14.4% 13.9% 15% 13.1% 12.0% 11.0% 9.2% 9.9% 9.6% 10% 5.8% 5.0% 5% 0% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV USA Source: NAM 2015 State Manufacturing Data Table 23 of 54

Southern States One Year % Nonfarm Manufacturing Employ. Change Mar 2016 – Mar 2017 5.0% 3.7% 3.6% 4.0% 3.1% 2.7% 3.0% 2.0% 1.6% 2.0% 0.5% 0.1% 1.0% 0.4% 0.3% 0.2% 0.0% -0.2% -0.5% -1.0% -0.8% -1.0% -2.0% -2.5% -3.0% -3.0% -4.0% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: US Bureau of Labor StaEsEcs 24 of 54

NC Manufacturing Jobs and GDP 1997 – 2015 normalized as percent of levels in 1997 160% 157.6% 140% 120% 100.0% 100% 80% 57.6% 60% 40% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 NC MANUFACTURING GDP NC MANUFACTURING JOBS Source: US Bureau of Labor StaEsEcs & US Bureau of Economic Analysis 25 of 54

Change in Manufacturing Jobs Five Years 2011 - 2016 NORTH CAROLINA State Average 6.8% Source: EMSI – NC Commerce 26 of 54

Change in Manufacturing Jobs One Year 2015 - 2016 NORTH CAROLINA State Average 0.8% Source: EMSI – NC Commerce 27 of 54

RTRP Manufacturing Job Growth 2011 - 2016 • TransportaEon Equipment +8,295 • Fabricated Metals +4,572 • PlasEcs and Rubber +4,510 • Machinery +4,169 • Furniture +3,569 • Food +2,690 • Wood Products +2,249 28 of 54