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Bureau of Business Research College of Business East Carolina University
The State of the Regional EconomyNC’s Northeast
James (Jim) Kleckley, PhD Director, Bureau of Business Research
[email protected]
February 25, 2011
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Bureau of Business Research College of Business East Carolina University
• The National Economy
• The State Economy
• The Northeast’s Economy
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
US Forecast
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
Major Risks to the US Forecast
• Energy Prices and Dependency• Middle East• US Budget Deficit
– Spending cuts and tax increases– Medical Costs
• Unwinding the monetary “fix”• The Global Economy
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Bureau of Business Research College of Business East Carolina University
NC and NC’s Northeast
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
Virginia 6.7%Tennessee 9.4%
United States 9.4%North Carolina 9.8%Georgia 10.2%South Carolina 10.7%
Research Triangle Regional Partnership 8.4%North Carolina's Northeast Commission 10.1%North Carolina's Eastern Region 10.2%AdvantageWest Economic Development Group 10.2%North Carolina's Southeast Commission 10.4%Piedmont Triad Partnership 10.4%Charlotte Regional Partnership 10.9%
Unemployment Rates
Seasonally Adjusted, December 2010
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Bureau of Business Research College of Business East Carolina University
Seasonally Adjusted, December 2010
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
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Bureau of Business Research College of Business East Carolina University
The State and NE Region Forecasts
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Bureau of Business Research College of Business East Carolina University
Opportunities