Words of warning: “In the long term, and likely to some extent in the short term, we will simply have to spend less and raise more. How we spend less and how we raise more are, of course, hugely charged political questions that we will need to sort out (soon!),” says professor Jeff Hoopes of UNC Tax Center.
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Even if the debt limit were increased today, the uncertainty created by the impending debt ceiling deadline has already raised the cost of borrowing and is impeding some hiring and investment. Moreover, an agreement will probably entail some decline in government spending, which will worsen an economic slowdown (which we predict to be on its way).
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Recent falls in commercial real estate valuations have led some to worry about the industry’s future. These concerns hold special import in light of the remote work revolution that took place during the COVID-19 pandemic, which has caused a reevaluation of how workplaces and businesses use physical locations. To examine these questions more closely, UNC’s Kenan Institute spoke to UNC Kenan-Flagler Business School Finance Professor Jacob Sagi,
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The main finding of this analysis is that eight out of 10 women (58.87 million) in the U.S. workforce are in occupations highly exposed to generative AI automation (more than 25% of the occupational tasks) vs. six out of 10 men (48.62 million). Overall, 21% more women are exposed to AI automation than men even though men outnumber women in the workforce.
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Chief Economist Gerald Cohen spoke for the Kenan Institute of Private Enterprise at a virtual press briefing this morning, addressing today’s job report numbers and last month’s collapse of Silicon Valley Bank and Signature Bank. His prediction: a recession is looming.
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Yunzhi Hu, UNC Kenan-Flagler Business School assistant professor of finance, took a moment to answer some questions about why Silicon Valley Bank failed as well as possible ramifications.
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The U.S. job market continues to outperform expectations despite stubborn inflation and aggressive rate hikes from the Federal Reserve. But will the Fed explore more rate hikes to slow red-hot labor market?
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The labor market is historically tight at the outset of 2023. There are two job openings for every unemployed person, the highest such ratio that has been recorded in Bureau of Labor Statistics data. And the trend appears to be deepening: The number of job openings increased in December for the third consecutive month. So what’s happening? Check out this analysis.
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The latest edition of the WRAL TechWire Jobs Report reveals a modest uptick in the total number of job listings compared to last week but a decrease in postings from the same period in the previous year. The past three weeks have shown consistent upticks since the significant dip in February, but for the sixth time in 2023, the total aggregate job postings are below 300,000 advertisements.
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