News

  • Are We In for a Strong Economic Recovery?

    (Morganton) The News Herald (Commentary) June 22, 2020 May’s employment report, which showed falling unemployment rates and the growth of 2.5 million new jobs nationally, caught most economists by surprise. NC State’s Mike Walden was among them. “Instead of millions – some economists thought as......

  • Remote Work Won’t Work

    National Review (Op-Ed) Will teleworking become the post-pandemic norm? Michael Strain, Director of Economic Policy Studies at the American Enterprise Institute, is skeptical. Qualities such as trust, team cohesion and collegiality take root through daily face-to-face interactions in workplaces. “People – including me – who......

  • North Carolina Studies Offshore Wind Opportunities

    Riviera Maritime Media June 19, 2020 An important source of future job creation for North Carolina is now taking shape in the form of offshore wind energy. The Office of Science, Technology and Innovation at the NC Department of Commerce recently issued an RFP calling......

  • Stan Kelly: There is Hope on the Horizon for the Triad’s Economy

    (Greensboro) News & Record (Op-Ed) June 6, 2020 The Piedmont Triad Region is poised to become the next big economic generator for North Carolina, according to Stan Kelly, President and CEO of the Piedmont Triad Partnership. “That’s what’s on the horizon,” Kelly says. He points......

  • Wheeling Chamber Closing Temporarily

    (Chicago) Daily Herald June 2, 2020 With local businesses reeling from the COVID-19 shutdown and no help from the federal Payroll Protection Program (PPP), the chamber of commerce in Wheeling, Ill., has shut its doors. As a 501(c) 6 not-for-profit, the organization relies on funding......

  • Consumer Sentiment is Evolving as Countries Around the World Begin to Reopen

    McKinsey & Company June 5, 2020 Consultants at McKinsey & Company have identified six consumer sentiment trends common to all countries during the re-opening. About half of consumers believe their finances will be impacted for four months or more. Expectations about most discretionary spending remain......

  • Consumer Confidence Rises in May…

    USA Today May 26, 2020 Amid the historic Coronavirus crisis, economies across the country have taken unprecedented hits. But for the first time in two months, consumer confidence has risen as businesses slowly reopen. However, consumer confidence still sits near six-year lows. The Conference Board’s......

  • Workforce Initiatives and COVID-19: Keeping the Goals in Sight

    EdNC (press release) May 26, 2020 The dramatic move from tight job markets to record-high unemployment shouldn’t blur the vision of North Carolina workforce leaders when it comes to credentialing and skills development strategies. Last year was a “banner year” for workforce related initiatives, with......

  • White House Economic Adviser Predicts Unemployment Rate Will Still be in Double Digits on Election Day

    Washington Examiner May 24, 2020 High unemployment rates on Election Day typically spell trouble for the party in power. Thus it was significant when the Trump Administration’s chief economist recently speculated that the nation could see a continued crush of coronavirus-related joblessness into November. “Yes,......

  • How the US Can Reduce Unemployment and Reverse a Steep Recession

    How the US Can Reduce Unemployment and Reverse a Steep Recession Forbes, April 10, 2020 (Opinion) Onetime presidential candidate Steve Forbes offers opinion on steps the newly formed task force to re-open the economy can take to tackle unemployment. One suggestion Forbes makes in the......