In the News

29.12.2009 In the News, Policy Points Comments Off on NC’s Economy: 2009 in Review

NC’s Economy: 2009 in Review

In a recent cover story, The Asheville (N.C.) Citizen-Times reviewed the economic trends that buffeted North Carolina, especially its western region, during 2009 and asked what 2010 might hold for businesses, individuals, and communities. Along with other experts, the piece featured the perspective of South by North Strategies’  John Quinterno.

Said the article about the strength of an economic recovery:

“Unfortunately, although there have been signs of improvement in the economy, no one can say with complete confidence just when the bad times will end — or what the ‘new normal’ on the other side of the recession will be.

‘Talk of an economic recovery is exaggerated,’ said John Quinterno, head of South by North Strategies, an economic research and communications firm based in Chapel Hill. ‘I do think conditions are better than they were six months ago or a year ago. That’s not really saying much.’

And said the article about the current state of the labor market:

The figures understate the ills in the local job market as some people are not counted as unemployed because they have simply given up looking for work.

They also don’t reveal the psychological impact joblessness has on people in a culture in which, according to Quinterno, people tend to view being unemployed as the fault of an individual rather than reflective of problems in the economy as a whole.

Being without work ‘goes to people’s self-worth and dignity,” Quinterno said. ‘It’s nonmonetary, but it has a huge, devastating impact on people.’

19.12.2009 In the News Comments Off on Tracking the Recovery

Tracking the Recovery

In recent days, several media outlets have featured South by North Strategies’ analysis of the tentative economic recovery.

17.12.2009 In the News Comments Off on Extending Unemployment Insurance

Extending Unemployment Insurance

Absent congressional action, the extended unemployment insurance benefits authorized under the the American Recovery and Reinvestment Act will expire at the end of December. To understand the significance of that development, journalists across North Carolina have turned to South by North Strategies for expert analysis and commentary. Stories include the following:

15.12.2009 In the News, Policy Points Comments Off on The State of the NC Labor Market

The State of the NC Labor Market

Last Sunday, John Quinterno of South by North Strategies was a guest on the public affairs shows News and Views, which airs on the Raleigh-Durham radio station WRAL-FM (101.5).

In this recorded interview Quinterno discussed the state of the jobs market and explained why the strength of the recovery has been greatly exaggerated.

Click here to listen to the entire audio interview, and see below for a video clip from the conversation.


03.12.2009 In the News Comments Off on Hopes for the Jobs Summit

Hopes for the Jobs Summit

An article in today’s issue of The Durham (N.C.) Herald-Sun featured the perspective of South by North Strategies’ John Quinterno the significance of the Obama administration’s “Forum on Jobs and Economic Growth.” Said Quinterno:

John Quinterno, a policy analyst in Chapel Hill, said he believes the federal government should reinforce economic safety nets by extending unemployment benefits passed in the $787 billion stimulus package and provide additional relief to states struggling with their own dwindling funds.

“The economy is a lot weaker than people envisioned and that’s one of the reasons unemployment remains at a high level. And the sources of demand in the economy, from what we’ve seen in the past in the third quarter, has been demand that’s come from government spending,” Quinterno said.

“When that starts to fade out, the question is — Do we have any other sources of demand to take its place?” he added.