South by North Strategies’ analysis of state employment conditions in April was featured in a number of media outlets.
Last Friday, John Quinterno of South by North Strategies, Ltd. discussed the latest national employment report on WPTF-News Radio 680’s “North Carolina Evening News” broadcast.
A number of media outlets recently have featured the research and perspective of South by North Strategies, Ltd.
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.”
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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.
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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