Academic journal article Monthly Labor Review

Looking at the Pieces

Academic journal article Monthly Labor Review

Looking at the Pieces

Article excerpt

One benefit of attending meetings of such groups as the National Association for Business Economics (NABE) is the chance to find out what practicing economists are saying about developments on their own regional patch. At NABE'S annual meeting in September, a full session was devoted to regional issues The most visible themes of the panel were rankings and variations among various parts of the country. Mark Vitner of First Union Corporation characterized the Southeast as the leading attractor of investment--about half of all manufacturing investment from overseas and about 40 percent of all sites selected for new or expanded sites of all kinds, according to his sources. Within the region, he noted a great deal of variation in unemployment as rates are very low in the central Piedmont, but range into double digits in the more rural areas.

Similarly, Howard L. Roth of Bank of America found that while in terms of aggregate job growth California has improved from 47th place a few years ago to eighth at the time of his report, there are significant differences within the State. …

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