Posts tagged “Mike Walden”
Analysis: Prior to the recession, North Carolina had an unemployment rate near 4.5 percent. At the worst point in the recession, the state's jobless rate soared to 11.4 percent, tied for seventh highest in the nation. The big question is, why? There's no easy answer.
Analysis: Taxes will be a top topic of discussion this year for several reasons. First, it's an election year, and no matter what the office and what the issues, taxes are at the head of the debate. Second, there's widespread concern about the national debt, and taxes are one way of dealing with our collective red ink. And last - let's face it - arguing about taxes, for many, is just plain fun!
Opinion: For "Generaztion Z" young people born between 1995-2010, the economy they inherit will be challenging, fast-paced, require energy and include opportunity.
Analysis: Despite a surge, jobs are fewer. How we manufacture things has dramatically changed. Today's factories use much more technology and modern equipment - and fewer workers - than in decades past. This is how our factories can churn out more output with fewer workers.
However, N.C. State economist Dr. Michael Walden, who compiles the report, says the outlook for 2002 is a "continuing, slow improving state economy."
Analysis: Clearly, the economy is the primary issue in the country. Yet there doesn't seem to be agreement on solutions to our economic problems. Part of the reason is that consensus on solutions doesn't exist among economists.
Opinion from Vivek Wadhwa: Is Quora a trend or a fad? Likely, the latter. What is more likely to happen and makes far more sense is that a new generation of private, gated communities will grow and evolve. This is where people with common interests will gather and exchange ideas.
Analysis: Americans' worries about jobs are deep, and those are based on two factors. One is a long-held worry that technology and modern equipment are replacing jobs. The second is newer: That trade with other countries is cutting jobs here. Are the worries justified? That's a complicated answer.
North Carolina's economy "will continue its current path of positive, yet modest, growth in coming months," forecasts NCSU economist Dr. Michael Walden.
Tough times: Unfortunately, there's no "easy button" to push to magically create jobs and income. The good news is that consumers are doing what they need to do - working off excesses they built up in earlier years. The bad news is, this takes time.
Analysis from NCSU Economist Michael Walden: Based on the World Economic Forum Global Competitiveness Index, where does the U.S. rank in the latest reading for 2010? The answer is number two out of 133 countries. Only Switzerland ranked higher. The U.S. actually ranked number one in 2008 and 2009 and only missed the top spot this year due to the depth of the recession.