04.12.2010 In the News, Policy Points

South by North Strategies Profiled

The current issue of The Carrboro (NC) Citizen contains a profile of John Quinterno of South by North Strategies, Ltd. The piece discusses Qunterno’s background, the firm’s work, and economic conditions in the Research Triangle. Below is an excerpt from the article:

So what does Quinterno think about the unemployment situation in Orange County? “Our unemployment rate is probably at one of the highest levels that’s been recorded in the last 25 to 30 years, and it’s about 6 percent, maybe a little bit under. That’s a level most places would aspire to even under the best of circumstances. I’m not trying to minimize the fact that it’s severe here, by our relative standards. But the fact is that even though it’s bad here now by historical standards, it’s still pretty good in the grand scheme of things.”

But he warns that if state governments don’t get federal aid in balancing their budgets this year, there could be more painful job losses in the state workforce, and that could have local effects.

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