The big news in the economics world is a question – are we already in a recession? While a future recession has been talked about for months, the issue is becoming more prominent as many economists are raising their predictions of a recession occurring later this year or next. But we may already be in one. Here’s an explanation.
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Remote work, tele-medicine, distance learning, drone delivery – these are some of the concepts that came to life during the pandemic. If they take hold – as many futurists think they already have – a new kind of lifestyle could be created. While it won’t be the style suited for everyone, it could be a lifestyle that improves many families’ finances, time management, and enjoyment of life. Check out Dr. Mike Walden’s new book.
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The good news for workers (record-number of job openings) and bad news for employers (record number of workers quitting) may be ebbing, warns N.C. State economics professor emeritus Dr. Mike Walden.
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In March, North Carolina set a new employment record, with over 4.7 individuals working. Our state is among only a handful of states which now have more people working than prior to the pandemic. Here are the reasons for the good news.
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The NC Department of Commerce has released the latest available data on unemployment across the state. In every county, unemployment is lower than last year.
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The possibility that Chatham County will be selected as the site for a new auto plant and battery manufacturing facility with as many as 13,000 new jobs has reignited questions about whether all these projects – from tech to life science – pose a risk of overcrowding for the greater Triangle region.
“That’s the big challenge,” says economist Mike Walden. He explains why and how to avoid the problems in this Q&A.
If it took four weeks for gas prices per gallon to increase 25 cents, it would take them eight weeks to fall 25 cents once oil prices returned to their starting level. Why? Dr. Mike Walden explores the reasons.
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With the uncertainty over a U.S.-Russia stare-down, the financial values of necessities, such as precious metals, basic foods like grains, and energy commodities including oil, soar. If this uncertainty moves toward a possibility, these prices will rise even more. Let’s take a look at the economic fallout.
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It’s pick the poison time behind three doors: Recession or inflation – or pray for a silver bullet (good luck) that cools the latter and doesn’t dowse the former. Welcome to economic reality 101 in year 2022. Hold on for a rough ride.
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