Before the recession, North Carolina had an unemployment rate near 4.5 percent. At the peak of the recession the jobless rate in our state reached 11.4 percent, seventh highest in the nation. N.C. State University economist Mike Walden explains why.
There’ve been two great migrations in our history. The first was the movement from rural areas to the cities. And the second was the shift out of the cities to the suburbs. Now some analysts are saying we’re in the middle of the next big migration, a return to the city. N.C. State University economist Mike Walden explains what they mean.
There are many measures of inflation, and each has its pluses and minuses. Federal officials are looking at a change in the inflation calculation that could help our federal budget. N.C. State University economist Mike Walden explains.
There will undoubtedly be a lot of talk this year on the campaign trail about closing tax loopholes as a way to help fix the federal budget. What are tax loopholes? And how easy will they be to close? N.C. State University economist Mike Walden weighs in.
There’s some evidence that bartering is making a comeback. Of course, with bartering rather than using money to buy something, there’s a direct exchange of products or services between people without any money changing hands. N.C. State University economist Mike Walden considers whether the rise of bartering is a response to our economic conditions.
In today’s economy, is spending money to obtain a college degree worthwhile? And if so, are there caveats to that generalization? N.C. State University economist Mike Walden answers, pointing out factors prospective college students should consider as they decide whether college will work for them.
A new book argues that renting has replaced owning for many people and that this is not a bad thing. N.C. State University economist Mike Walden explains the author’s reasoning.
Elections in France and Greece have again raised questions about the financial stability of the European Union and the future of the common currency called the euro. Might Europe reach a point where member countries each go back to their own currency? N.C. State University economist Mike Walden answers.
The latest national jobs report showed 115,000 net new non-farm jobs created last month. This resulted in a reduction in the unemployment rate from 8.2 percent to 8.1 percent. But 500,000 people also dropped out of the labor force. So was this a positive or a negative report? N.C. State University economist Mike Walden responds.
Traditional bricks-and-mortar retailers and online sellers continue to battle for the consumer dollar. N.C. State University economist Mike Walden outlines the latest in this head-to-head confrontation.