Business course

Shadow of COVID-19 lingers over Triad’s economic progress in 2021 | Local

DIY stores have attracted significant volumes of customers and sales from DIY enthusiasts with the time and money to finally tackle interior and exterior projects.

As people, especially those who are fully vaccinated, have started to feel more comfortable traveling, the hospitality, retail and tourism sectors have started to recover to promising levels. .

Yet, due to a continuing shortage of workers, many hotels, retail stores and restaurants have maintained shorter hours of operation, if not keeping their doors closed for a day or two a week, to give a little respite. to their overworked employees.

Michael Walden, professor of economics at NC State University, said “aggregate production in the state is now above pre-pandemic levels.”

“Despite the new variant, optimism persists about the national and state economies,” Walden said.

Back to work?

One of the biggest socio-economic and political issues in North Carolina has been the back-to-work debate.

For much of the year, he focused on whether federal pandemic unemployment benefits were keeping the potential workforce at artificially low levels.

Federal unemployment compensation for a pandemic stood at $ 11.5 million from April 2020 to September 4, 2021.