State governments that recognize the tremendous economic value that aircraft manufacturing can bring their communities are actively courting such plants to bolster their aerospace clusters.

As bad as the Great Recession was nationally, South Carolina's descent into the trough was steeper. And its recovery has been more impressive, particularly in the Charleston and Upstate regions.

The Richmond Fed worked with NCEast Alliance to facilitate a business and industry roundtable meeting that focused on payroll employment growth.

While increased global integration required painful adjustments for some workers and communities as well as companies and even entire industries, there have also been significant benefits to this global interconnectedness, including in the Carolinas.

The latest Regional Matters post looks at educational attainment in the Carolinas.