04.05.2010 In the News, Policy Points

North Carolina Economic News

Two weekend news stories about North Carolina’s economy featured the research of South by North Strategies, Ltd.

From a story in The Winston-Salem Journal about President Obama’s recent visit to North Carolina

Although the job market has stabilized in recent months, unemployment has settled at an extremely high level,” said John Quinterno, a principal at South by North Strategies Ltd., a research company focused on economic and social policy. “Such high levels of unemployment and long-term unemployment are limiting the speed and strength of the recovery,” Quinterno said.

From a story in The Charlotte Observer about falling wages in Mecklenburg County

“A lot of folks are essentially losing ground,” said John Quinterno of South by North Strategies Ltd., a Chapel Hill economic research firm. “We’re in a situation now where we have such high levels of unemployment. That really tends to put a brake on wages.”

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