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Editor’s note: This piece was first published at American Institute for Economic Research. “Misleading,” it says, with an exclamation point inscribed within a red triangle. “Learn about the science behind COVID-19 vaccines and how health officials say they work. Find out more. This Tweet can’t be replied to, shared, or liked.” It’s the current warning...

Jon Sanders

How Fed’s rate hike could affect NC’s hot real-estate market

After a historic period of rock-bottom interest rates and equally historic infusions of cash into the economy during the COVID-19 pandemic, the Federal Reserve raised interest rates yesterday by a half of a percentage point and announced plans to reduce their $9 trillion balance sheet. Both of these moves are aimed at fighting rising inflation,...

David Larson

Some missing workers are really lost

North Carolina’s labor markets are healing — slowly. As of March, our state’s headline unemployment rate was 3.5%, comparable to where it was before the onset of the COVID-19 pandemic in early 2020. More importantly, while our labor-force participation is still significantly below the pre-COVID rate 59.2%, it is improving. It was 57.7% in March, up...

John Hood

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Working together to save corporate America from itself

President Calvin Coolidge said, “The chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.” We were in 1925 and are a near-century later. Corporate CEOs, though, have increasingly been distracted from producing, buying, selling, investing and prospering. Too many are involving themselves in...

Scott Shepard

Study: COVID fear to cause long-term labor shortage

New research predicts long-term pain for the labor market due to around 3 million workers who plan to remain permanently sidelined over concerns of physical illness or physical impairment due to the COVID-19 pandemic. The research team — represented by scholars from ITAM Business, Stanford University, and the University of Chicago — named this phenomenon...

David N. Bass