Business

NCSU economist: NC heading for strong economic growth in 2015

North Carolina's economy is set on a trajectory for continued growth in 2015, according to a predictive formula devised by N.C. State University economist Michael Walden.

Indeed, economists are so confident in North Carolina's economic recovery that they are now shifting their focus to other concerns: whether the state's economic boomlets will spread beyond the Triangle and other urban areas, and whether the recovery will boost sluggish wage levels.

According to Walden's index of N.C. leading economic indicators, the forecasts have been stable since late spring, suggesting continued growth for the next four to six months.

The index is based on measures such as the national economy, building permits and initial claims for unemployment benefits.

Walden correctly predicted a year ago that North Carolina would add more than 100,000 jobs this year. The state has added 110,700 jobs in the first 11 months of the year, the largest annual gain since 2006.

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