As a general rule, people like to live and work in an area that suits their lifestyle. The southern coast accommodates a variety of lifestyles, from urban chic to country cool and, of course, beach and waterfront R&R, all with a moderate climate and great amenities. No wonder new residents are flocking to our shores.
Like most of the country, southeastern North Carolina is not immune to the national economic downturn. After increasing 5.7 percent in 2006, total economic activity in New Hanover, Brunswick and Pender counties grew only 2.7 percent in 2007 and fell substantially in 2008 and 2009, according to Dr. Woody Hall of UNCW's Cameron School of Business. Dr. Hall forecasts 2011 to be up slightly over a fairly flat 2010.
By workforce, the largest sector is healthcare and social assistance at 15% followed by retail trade at 14.1%. Manufacturing accounts for only 5.8% but provides the highest weekly wage average of $1218 as of the third quarter of 2010, according to Dr. Hall.
Despite a growing trend toward year-round tourism in southeastern North Carolina, the rise and fall of economic activity throughout the year is a fact of life for coastal counties. Employment trends have been difficult to predict during recent years because of rapid population growth, new companies entering the marketplace and other factors. On a historical basis, both the labor force and the number of people employed peak during June through August and bottom out during the December to January period.
The largest industrial employer in the county is General Electric, with more than 2000 employees making nuclear fuel assemblies and aircraft engine parts. PPD pharmaceuticals, located in downtown Wilmington, employs more than 1,800 people, and Verizon Wireless employees more than 1,200. Other industrial employers of note include Corning, producing optical fibers, and International Paper which produces pulp and paperboard.
The State Port at Wilmington is the gateway to North Carolina for many goods entering the country. As from the beginning of the area's history, it ties trade to the Cape Fear River and the Atlantic Ocean. Rice and cotton, the port's historical imports, have given way to wood pulp, furniture and grain, but the principal remains. North Carolina's southern coast is ruled by the sea.


