Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Smith, Karl W
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North Carolina's economy has been deeply impacted by a worldwide recession that resulted from the largest financial crisis since the Great Depression. There is evidence that the financial sector is healing and that the job market in North Carolina is nearing a recovery. This bulletin will examine the outlook for the job market in North Carolina, as well as, the larger economic factors affecting growth in North Carolina.
This bulletin explains the recent decline in the housing market and illustrates the direct correlation between the housing market and United States exporting industries. It also provides predictions about how the housing market's decline will affect North Carolina.
The global economic crisis has had a dramatic effect on tax revenues at national, state, and local levels. Many state governments, including North Carolina's, are facing record revenue shortfalls, and there is concern that local governments in harder-hit states may even be forced into default on their bond obligations. This bulletin will explain why the global economic crisis has been so severe and will identify how short- and long-term consequences of the crisis may affect state and local finances.
North Carolina and the United States are recovering from the worst recession since the Great Depression. This bulletin provides a sense of the evolving state of the U.S. economy and where North Carolina's economy is in relation to other states. The bulletin also discusses overall economic conditions and the implications for own source revenue.
Recently, the United States was hit by one of the worst recessions since the Great Depression. While the state of North Carolina historically has fared better than other states during recessions, this recession hit much harder, showing larger than average unemployment rates for the state. While recovery is taking a while, the United States and North Carolina are both seeing slow, upward growth in the economy.