Fitzsimon File

Monday numbers

(The source for the items in this edition of Monday numbers is the Prosperity Watch series from the N.C. Budget & Tax Center, with most of the items from “Prosperity Watch Special Issue: 12 for 2012: 12 for 2012—Key economic and policy trends from 2012 that will define 2013,”)

550,600—number of additional jobs needed in North Carolina as of October 2012 to return to pre-recession employment levels

74.3—percentage of employment in North Carolina currently concentrated in poorly performing or limited and declining industries

1.5—percent growth in worker productivity during current economic recovery

4.9—percentage decrease in worker wages during economic recovery

170,000—number of cumulative jobs lost in North Carolina to offshoring resulting from trade with China since 2001

11.8—percentage reduction in state spending on public schools since the Great Recession began

11.1—percentage reduction in state spending on the university system since the Great Recession began

17.9—percentage of people in North Carolina living in poverty in 2011

14.3—percentage of people in North Carolina living in poverty in 2007, before Great recession began

25.6—percentage of children in North Carolina living in poverty

53—percentage of state revenue that comes from personal income tax collections that conservative tax reform proposals want to eliminate

2.4—percentage more in taxes that the poorest 20 percent of North Carolinians would pay if half the revenue lost from repealing the income tax was replaced with sales tax revenue

4.6—percentage less in taxes that the wealthiest one percent of North Carolinians would pay if half the revenue lost from repealing the income tax was replaced with sales tax revenue

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