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From a NC Commerce’s February 18 post:
“How is my county doing economically? And are we getting better? These are two common questions we receive about North Carolina’s economy. The answers are harder to nail down than they should be. Single indicators like unemployment or income tell only part of the story. National datasets often lack county-level detail. Without consistent benchmarks, it’s difficult to know whether local conditions reflect broader trends or something unique to the community.
The County Economic Vitality Index developed by NC Commerce’s Labor & Economic Analysis Unit (LEAD) is designed to help to address this gap. It provides a transparent, comparable measure of county economic performance that tracks progress over time and benchmarks results against the nation. While no single measure can completely explain the complexities of a state or regional economy, the Index is designed to be an intuitive starting point, accessible to general audiences.”
Besides the blog post, there is also a companion article here with some interesting insights about North Carolina. I am going to pull out some data for our 7-county region.
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