Orange County NC Website
Browse       Search
16 <br /> STATE <br /> THE NORTH CAROLINA ECONOMIC OUTLOOK <br /> FIRST QUARTER 2017 (posted December 27, 2016) <br /> Prepared by Dr. Michael L. Walden, William Neal Reynolds Distinguished Professor, <br /> Department of Agricultural and Resource Economics, North Carolina State University <br /> Contact Methods: phone: 919-219-8923; e-mail: michael_walden @ncsu.edu <br /> EIGHT NORTH CAROLINA ECONOMC HEADLINES FOR 2017 <br /> 1. NATIONAL ECONOMIC GROWTH WILL ACCELERATE IN 2017 RESULTING <br /> PRIMARILY FROM AN EXPECTED FEDERAL ECONOMIC STIMULUS OF REDUCED <br /> TAX RATES <br /> 2. BOTH INFLATION RATES AND INTEREST RATES WILL TREND HIGHER IN 2017 <br /> 3. NORTH CAROLINA'S AGGREGATE ECONOMIC MEASURES WILL ALSO TREND <br /> HIGHER IN 2017, WITH 100,000 NET NEW PAYROLL JOBS ADDED <br /> 4. NORTH CAROLINA'S AGGREGATE GROWTH WILL EXCEED NATIONAL AGGREGATE <br /> GROWTH IN 2017,REVERSING THE TREND DURING MUCH OF THE CURRENT <br /> ECONOMIC RECOVERY <br /> 5. THE "HEADLINE"JOBLESS RATE WILL FALL TO UNDER 4%IN ASHEVILLE, <br /> DURHAM,AND RALEIGH,BUT THE RATE WILL REMAIN ABOVE 6%IN GOLDSBORO <br /> AND ROCKY MOUNT <br /> 6. IN NORTH CAROLINA, FASTEST JOB GROWTH WILL CONTINUE IN BOTH HIGHER- <br /> PAYING AND LOWER-PAYING JOBS, WITH SLOWEST GROWTH IN MIDDLE-PAYING <br /> JOBS;HOWEVER, THE DIFFERENCES WILL NOT BE AS GREAT AS IN RECENT <br /> YEARS <br /> 7. NORTH CAROLINA COULD BENEFIT FROM TRUMP ADMINISTRATION POLICIES <br /> EXPANDIND MILITARY SPENDING AND INCREASING OFF-SHORE ENERGY <br /> EXPLORATION <br /> 8. TO INCREASE AND SPREAD PROSPERITY,NORTH CAROLINA NEEDS TO <br /> FACILITATE MORE RAPID GROWTH IN HIGH-PRODUCTIVITY INDUSTRIES <br /> 1 <br />