[go back to our main site]In his most recent quarterly forecast, UNC Charlotte economist John Connaughton predicted the North Carolina economy should grow 2.2 percent in 2010.
Nine of the state’s 11 economic sectors are forecast to experience growth during 2010. The sectors with the strongest expected growth are Services, with a projected real increase of 5.7 percent; Agriculture, with a projected real increase of 3.2 percent; Finance, Insurance and Real Estate with a projected real increase of 3 percent; Government, with a projected real increase of 2.7 percent; Wholesale Trade, with a projected real increase of 2.7 percent; Retail Trade, with a projected real increase of 2.2 percent; Mining, with a projected real increase of 2.1 percent; Transportation, Warehousing, Utilities and Information, with a projected real increase of 1.9 percent; and Construction, with a projected real increase of 0.4 percent.
North Carolina establishments are also expected to gain 58,000 net jobs in 2010. Connaughton expects job growth to begin in January 2010, ending a 24 month decline.
You can read Connaughton’s full economic forecast at www.belkcollege.uncc.edu.
