As economic clouds darken, N.C. employers glimpse silver lining — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

As economic clouds darken, N.C. employers glimpse silver lining

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Despite a worsening economy that could still harm North Carolina employers, there’s some good news for the state amid recent reports on the downturn.

To be sure, bad news surpasses the good. Americans haven’t been this pessimistic about the economy since the oil crisis of 1974, according to recent consumer confidence measures. Tight credit markets, rising unemployment and the calamitous housing market hit consumer confidence much harder in March than Wall Street expected.

The Conference Board’s measure of consumer confidence fell to its lowest level since March 2003. At the same time, a reading that measures Americans’ outlook on the economic future fell from 58.0 to 47.9, its lowest level since 1974.

The housing market is central to the slump, with prices falling at their fastest rate in 21 years. The S&P/Case-Shiller house price index showed that prices for existing homes fell 10.7% in January compared with the same month last year.

But for North Carolina employers, there’s some good news in the reports. The only city in the survey to post a rise in property values was Charlotte. In addition, the Research Triangle has garnered positive press lately, which may help North Carolina employers sell the state as a stable and desirable place to live and work.

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