Tag: recession

North Carolina’s workforce is still too small

By John Hood Raleigh, NC – Most economic forecasters expect us to enter a recession sometime in 2023. I sure hope they’re wrong. Even a mild recession would throw tens of thousands of North Carolinians out of work. And the…

Economic freedom is a shock absorber

By John Hood Raleigh, NC – In a normal market, creditors demand higher interest from borrowers to whom they lend money for longer periods of time. That’s because these creditors are assuming more risk that they won’t be paid, and…

North Carolinians think recession is here

gas station fillup

By John Hood Raleigh, NC – North Carolinians are greatly concerned about our economy. According to the John Locke Foundation’s latest Civitas Poll, 77% of state voters believe we are currently in a recession. Most call inflation “a huge problem”…

Latest North Carolina job numbers look promising

serious adult constructor in helmet and uniform

by John Hood Raleigh, NC – For inveterate optimists, the past several months have been excruciating. A global pandemic has produced great suffering and death. A protest movement that began with righteous anger about the death of George Floyd has…

Don’t keep NC workers sidelined

by John Hood Raleigh, NC – North Carolina’s “headline” unemployment rate in May was 12.9%. That’s the highest monthly rate since the Great Depression. But on a number of occasions during the month, I talked with North Carolina restauranteurs and…