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UNC Charlotte economist: 'The worst is clearly over for us'


Source: Pixabay
CHARLOTTE – North Carolina’s economy is nearly back to its pre-pandemic levels, and the worst effects of the recession attributed to the novel coronavirus pandemic are clearly behind us, said Dr. John Connaughton, professor of financial economics at the University of North Carolina Charlotte and the director of the UNC Charlotte Economic Forecast, in presenting the latest economic forecast virtually this afternoon.
“We’ll have more jobs by December 2021 than we had in December 2019,” said Connaughton.  “But the unemployment rate will be a little bit higher.”  He is forecasting a net increase of about 25,000 jobs in North Carolina between December 2019 and the end of December 2021, and for unemployment to be close to 5 percent in North Carolina by the end of the year. ....

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