Economic Forecast for North Carolina Out

The unemployment rate and the hike in housing sales were two hot topics discussed at the Hilton Hotel in Greenville Wednesday.

Economist Matt Martin of the Charlotte branch of the Richmond Federal Reserve was on hand for an economic outlook discussion sponsored by the Pitt-Greenville Chamber of Commerce.

Martin did note some good news: our state's significant growth in home sales, with both Greenville and Wilmington topping the list.

Martin also talked about North Carolina's unemployment rate, which he says has tended to be a bit higher than the national economy and is probably related to the manufacturing sector.

Martin says that's because North Carolina is heavily dependent on the manufacturing sector.