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
KleckleyJ@ecu.edu
February 25, 2011
Bureau of Business Research College of Business East Carolina University
• The National Economy
• The State Economy
• The Northeast’s Economy
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
US Forecast
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
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
Bureau of Business Research College of Business East Carolina University
NC and NC’s Northeast
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
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
Bureau of Business Research College of Business East Carolina University
Seasonally Adjusted, December 2010
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
Bureau of Business Research College of Business East Carolina University
The State and NE Region Forecasts
Bureau of Business Research College of Business East Carolina University
Opportunities