South By North Strategies, Ltd.

Durham’s Creative Economy

A weekend story in The Durham (N.C.) Herald-Sun discussed the potential for creative job growth in Durham. The story featured the perspective of John Quinterno of South by North Strategies, Ltd.

[Richard] Florida also noted in his post that the rise of the creative class combined with declines in blue-collar work could lead to more economic disparities — a sentiment echoed by [John] Quinterno.
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“A necessary response to growth in the creative class is to refocus attention on questions of work, wages, skills, and economic opportunity,” Quinterno said. “The community needs to ask itself how to harness the growth for the benefit of all residents.”

In The News: NC July Employment Report

South by North Strategies’ analysis of the July employment report for North Carolina was featured in several media stories.

• The News & Observer: Not out of the woods” on unemployment
• The Winston-Salem Journal: NC’s unemployment rate drops to 9.8%
• The Durham Herald-Sun: NC jobless rate falls to 9.8 percent
• The Charlotte Observer: Jobless rate falls below 10%

The State of The NC Job Market

John Quinterno of South by by North Strategies recently was a guest on the syndicated radio program News & Views. Quinterno discussed the current condition of the North Carolina labor market, the prospects for a recovery, and the consequences of long-term unemployment.

In The News: June Local Employment

South by North Strategies’ analysis of the June local employment report for North Carolina was featured in several media stories.

• The Durham Herald-Sun: “Triangle jobless rate creeps up”
• The Winston-Salem Journal: “Jobless rate rose in June, ESC says”
• The High Point Enterprise: “Jobless picture mixed”

In The News: North Carolina’s Economy

Two recent articles in the Triangle Business Journal featured the work and perspectives of South by North Strategies, Ltd.

The first piece featured South by North Strategies’ midyear review of North Carolina’s economy.

“The idea of a recovery itself was way overblown,” says John Quinterno, the report’s author. “We hit a point last summer where the free-fall stopped, but that’s not the same as a rebound.” Looking back over the downturn, Quinterno says the state lost 254,000 jobs, or 6.1 percent of the payroll job base, between December 2007 and May 2010. Between April 2009 and April 2010, the Triangle lost 0.8 percent of its job base. The Triangle base stood at 629,300 as of April 2010.

The second article reported on potential areas of growth in the Research Triangle’s economy.

“Manufacturing activity has stabilized, but we really haven’t seen that much growth,” says John Quinterno, an economist with South By North Strategies in Chapel Hill.
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Quinterno points out that North Carolina needs to add some 5,500 positions per month to keep pace with growth in its work force. “If one considers the jobs that should have been created during the recession but were not, the actual gap facing the state is 422,000 positions,” Quinterno wrote on his blog.