Posts Tagged ‘Economy’
Economists raise outlook for state budget, predicting more tax revenue
by Andrew Dunn, Carolina Journal News Service RALEIGH — The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast. New estimates for the current fiscal year are $4.1 billion rosier than the prediction made in May, says the new consensus revenue forecast released Thursday, Feb. 11, by…
Read MoreOPINION: Build on North Carolina’s Strengths
by John Hood RALEIGH — When will North Carolina’s economy return to normal, or at least to a “new normal”? Unfortunately, that destination is many months away, if not years. Still, we’ll know we’re making progress when we can see the most damaging events of 2020 only in our rearview mirrors. For example, entrepreneurs, investors,…
Read MoreOpinion: Christmas Gifts Aren’t Wasteful
By John Hood Among the pagan-inspired customs of the Christmas season, there has come to be the ritualistic burning of the straw man. Specifically, I refer to the traditional seasonal column by a sly journalist or political analyst asserting that the exchange of Christmas gifts is a major lose-lose for the economy. I’ve read pretty…
Read MoreOver Half of Small Businesses Looking to Hire, Having Difficulty Finding Workers
WASHINGTON, D.C. — Small businesses reported a historically high level of job openings in November, according to NFIB’s monthly jobs report. Overall, 53% reported hiring or trying to hire in November, down 2 points from the previous month. A seasonally adjusted net 21% of owners are planning to create new jobs in the next 3 months, up…
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