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Posts tagged “Mike Walden”

October 29

Premium Lock NCSU Index of NC leading economic indicators declines again

Dr. Michael Walden The NCSU IIndex of North Carolina leading economic indicators, (the "Index"), a forecast of the economy's direction four to six months ahead, declined by 0.8% in September. This continued a downward trend in the Index, which has dropped in eight of the past twelve months. A similar national decline may be partly responsible.

Updated October 8

Premium Lock Can we resolve our NC tax issues?

Mike Walden Taxes are always part of discussions about government and public policy, and taxes were clearly a hot topic in the recent session of the North Carolina General Assembly. Debates occurred about taxing services, lowering income tax rates, implementing incentives for business and energy expenditures, and dividing public revenues between urban and rural counties. Legislation was passed for some of these items, but economist Mike Walden says there will be more discussion and debate in future sessions.

September 30

Premium Lock NC economic index declines, continuing mild downward trend

Mike Walden The North Carolina State Index, a forecast of the economy's direction four to six months ahead, declined by a modest 0.4% in August, continuing a downward trend that began in mid-2014. However, the reduction in the Index should be characterized as an "easing" rather than a "tumble", suggesting no near term threat of an recession.

Updated September 25

Premium Lock  You decide: Is another recession around the corner?

Mike Walden Much of the economic news has been rather gloomy recently. There have been wild swings in the stock market, with multi-hundred point losses on some days. The Chinese economy may be in free-fall, while Europe is dealing with thousands of refugees from the war-torn Middle East. Canada is officially in a recession. And although jobs are being created, more than 10 percent of individuals in the labor force either don't have a job, have given up looking for a job or are working part-time because they can't find full-time work. Does this mean another recession?

July 7

Premium Lock Is North Carolina's rebound stumbling?

Mike Walden Some troubling news about North Carolina's economy made the headlines recently. Numbers for an economic concept called gross domestic product", or GDP, were released for 2014. While North Carolina's GDP increased in 2014, it rose much less than in the nation. The comparison was a 1.4 percent gain for the state versus a 2.2 percent improvement for the nation. Does this mean it's time to worry about the state's economic rebound?

May 28

Premium Lock NC economy rebounds in April

Economy The North Carolina economy rebounded in April, ending a recent skid, according to the North Carolina State University Index of Leading Economic Indicators compiled by NCSU economist Dr. Michael Walden.

January 30

Premium Lock You Decide: What are the impacts of tax changes?

Mike Walden Mike Walden: Research suggests innovation increases when the economy is confronted with major questions. If accurate, then we may be on the cusp of a new flurry of innovative activity.

November 10, 2014

Premium Lock #WTWTrends for Monday: Obama on net neutrality, Arcametrics, IBM, farming and #ISUM14 Trending in the Triangle

Trending in the Triangle Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on Monday, Nov. 10, 2014 as curated by @WRALTechWire.

November 10, 2014

Premium Lock Farming, manufacturing remain essential to NC's economy

Mike Walden Only 11 percent of workers in North Carolina now leave home for the factory. And just 1 percent of workers now say farming is their primary occupation. Does this mean we no longer raise crops and livestock or manufacture products? Absolutely not: Farming and manufacturing are still very important to the North Carolina economy.

October 10, 2014

Premium Lock Should NC go after new auto plant? Incentives are at core of debate

Tax incentives Analysis: Given the economic benefits a new auto plant would bring, it seems like courting one for North Carolina is a "no-brainer." So what's the issue? The issue is the "I" word - incentives. In today's competitive economic environment, it is unlikely an auto factory will come to a state without being provided incentives.

June 23, 2014

Premium Lock You Decide: Is small the new big?

Mike Walden Dr. Michael Walden of N.C. State University says a common plot in many popular novels and movies is the "little guy" triumphing over adversity. You decide if this is becoming more of a reality in today's world.

Updated June 9, 2014

Premium Lock You Decide: Can gray become green in rural areas?

Mike Walden Dr. Michael Walden: Retired people are on the move. They're going to resorts, towns and cities where their children and grandchildren live, or simply to locations with a lower cost of living. And they're not just visiting - they're staying.

May 26, 2014

Premium Lock Which economic future will prevail? Taking shots in the dark

Economy  v It's a tall order to say anything definitive about the economy that far away. So many things can, and will, happen that are on nobody's radar screen. Making predictions for 2040, 2050 or 2060 really are "shots in the dark." There are largely two camps - optimistic and pessimistic. Here's a look from an economist's point of view.

May 16, 2014

Premium Lock Do we live in the most interesting times? Don't forget your history

Mike Walden Analysis: I was born in 1951, and most of my current students were born after 1990. I and they have certainly seen our lives altered by new inventions and innovations, especially in information technology and communications. But some say that, while these changes have been significant, their impacts have not been as transforming on daily lives as those brought about by electricity, the automobile and tractor, the telephone and the radio in the 20s and 30s. It's popular to say we live in a fast-paced, highly connected, ever-shifting world. But a strong case can be made for that world actually occurring 90 years ago.

March 20, 2014

Premium Lock Mike Walden: You decide how important is innovation?

Mike Walden Opinion: Research suggests innovation increases when the economy is confronted with major questions. If accurate, then we may be on the cusp of a new flurry of innovative activity.

Updated February 17, 2014

Premium Lock Why does N.C. unemployment remain so high?

Unemployment   Possible reasons are numerous. However, economists are now thinking that a major reason for slow job growth is a skills mismatch. That is, many workers are unemployed because they don't have the skills and training employers want. There is some thinking that with the development of information technology and digital applications, the skills mismatch may have expanded in recent years.

January 3, 2014

Premium Lock Mike Walden: Up, down or sideways - what direction will the economy go in 2014?

Economy  v Analysis: My calendar is already booked solid for presentations about the economic future all around North Carolina. I always open my talks with a well-worn joke - that economists are better at predicting the past than the future. After the laughter subsides, I make the serious point that economic forecasting has a high error rate, especially when the forecasts are for specific numbers like the jobless rate, new jobs created and the change in spending. However, economists are much better at recognizing and predicting general economic trends. So, let me begin with economic trends for 2014. I - and most economists - see several good trends.

December 31, 2013

Premium Lock NCSU economist Walden forecasts job growth in economic outlook

N.C. State University economist Michael Walden forecasts improving economic conditions and job growth in the coming months. Read more from the executive summary of his winter economic outlook report.

Employment chart from Walden's Winter 2013 Economic Outlook Employment chart from Walden's Winter 2013 Economic Outlook

August 9, 2013

Premium Lock Statistics: What's the best gauge for North Carolina's economy?

Economy  v Opinion: We rely on economic statistics to give us an idea of what's occurring, says NCSU economist Mike Walden. But there are lots of economic numbers and measures. What do they mean, and what are they saying about our state's economy today?

July 9, 2013

Premium Lock You decide: What ails North Carolina's economy?

Economy struggles Opinion: Economic trends that benefitted North Carolina's urban areas have battered rural regions, says N.C. State economics professor Mike Walden. Read Walden's analysis.

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