Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Wednesday, March 27, 2013
Another hopeful sign
The labor market is still mired deep in the Great Recession, but we are starting to see some signs of hope. Housing is taking off in some parts of the country. Today's WSJ reports that businesses are increasing capital investment in the first quarter. This is a good sign for two reasons: (1) more private sector spending of any kind means more job opportunities and (2) it signals that businesses are becoming more confident that a real recovery is around the corner. Let's keep our fingers crossed.
Steve Allen is Associate Dean for Graduate Programs and Research in the College of Management at NC State University. He has appointments in the Department of Economics as well as the Department of Management, Innovation, and Entrepreneurship. Steve also is a Research Associate of the National Bureau of Economic Research, a non-profit research organization located in Cambridge, Mass.