PNC Financial Services Group

Business & Economy
8:37 am
Wed July 2, 2014

NC Economic Recovery Concentrated In Triangle

NC county jobless rates are rising again, but still down over the year.
Credit NC Commerce

The latest North Carolina jobless numbers show a spike in county unemployment rates from Alamance to Yancey.  But there has been some positive movement over the past year.

May jobless numbers released by the NC Commerce Department show 92 counties with a higher unemployment rate than the month before.  But from this time last year, all 100 counties saw their unemployment rates drop.

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Business & Economy
9:03 am
Mon May 5, 2014

'Business To Business' Matchmaking At Southeast US Canada Conference

Credit US-Canadian Provinces Business Alliance

Governors and business leaders from the Southeastern U.S. are in Raleigh today to talk trade and investment opportunities with leaders from Canada. 

Despite what you hear about China and Germany – Canada is North Carolina’s number one trading partner with one quarter of all the state’s exports going to that country.

Jean Davis is Director of International Trade for the state Commerce Department.

“You know Canada is such a strong trading partner, that it is often times where we start with our companies," said Davis.

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Business & Economy
7:58 am
Fri December 6, 2013

A True Cost Analysis Of '12 Days Of Christmas'

Pear Tree, a Partridge, Calling Birds and more at PNC Christmas Price Index event at North Hills in Raleigh.
Credit Leoneda Inge

How much would you pay for Six Geese-a-Laying?  What about a Partridge in a Pear Tree?

An economic analysis by PNC’s Wealth Management Division crunches the numbers and highlights just how much a loved one could end up spending this holiday season.

“On the first day of Christmas my true love sent to me, a Partridge in a Pear Tree," sang members of the North Carolina Master Chorale Chamber Choir.

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Business & Economy
7:09 am
Mon September 2, 2013

NC Unemployment Is High And Long-Lasting

The NC Policy Watch Report says "long-term unemployment impacts workers' lifetime earnings, families and the economy."
Credit NC Justice Center

The latest numbers show there are about 418,000 unemployed people across North Carolina this Labor Day.  And many of them have been jobless for a long time.

North Carolina’s unemployment rate is 8.9%, one of the highest in the country and higher than the national rate.  The state has held this designation for much of the so-called economic recovery.

Mekael Teshome is an Economist with PNC Financial.  He says we have to remember, between 2007 and 2010, unemployment rose by 100% nationally but by nearly 150% in North Carolina.

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Business & Economy
5:00 am
Fri April 5, 2013

Survey Predicts Slow Growth For NC Businesses

Small business owners in North Carolina are more optimistic about their companies, but hiring remains stagnant.  A survey released yesterday from PNC Financial says nearly 30 percent of North Carolina businesses report that they are optimistic about their prospects for the next six months.  That's up from 15 percent last fall.  But PNC economist Mekael Teshome says the state's business outlook reflects the slow growth nationwide.

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Business & Economy
10:56 pm
Sat February 9, 2013

Rocky Mount Exhibit Honors Banking History

Peoples Bank and Trust opened in Rocky Mount during the Great Depression.
Credit PNC Legacy Project

One of the biggest banks in North Carolina is PNC. The bank was introduced to the state after its acquisition of RBC last year.  These banking institutions have roots that reach back to Rocky Mount.  And that’s where a new exhibit honors the region’s rich banking history.

The PNC Legacy Project is the first exhibit you see when you walk into the Imperial Centre for the Arts and Sciences in Rocky Mount.  David Combs is the Mayor of Rocky Mount.  He was born and bred here.

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Business & Economy
9:00 am
Thu January 17, 2013

What Sets Raleigh Apart From Rest of State? Jobs.

The Raleigh Metro area continues to shine after the recession - despite North Carolina's high jobless rate.

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Business & Economy
9:00 am
Mon July 30, 2012

Raleigh Metro Shines in Economic Recovery

The latest unemployment numbers released by the North Carolina Department of Commerce show an increase in most of the state's 100 counties. And when you cross county lines and combine cities into metro areas, the jobless rate still seems to be on the rise again. But there is one area of the state that continues to out-perform all others, the Raleigh - Cary metropolitan area.

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Business & Economy
8:10 am
Wed June 27, 2012

PNC Invests $1 Million In Education, Economic Development

PNC is investing a million dollars in North Carolina to spur the economy and boost preschool education.

Asma Khalid: The Pittsburgh-based bank is collaborating with Wake County Public Schools, Carolina Ballet and the North Carolina Museum of Art to introduce low-income students to the arts.

Wake County Superintendent Tony Tata welcomes the PNC initiative.

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Business & Economy
2:11 pm
Thu March 15, 2012

PNC Puts Name On Arena

PNC Arena
Dave DeWitt

The last remnant of RBC Bank in the Triangle was removed earlier today. Governor Bev Perdue and others officially renamed the RBC Center the PNC Arena at a ceremony in Raleigh.

Dave DeWitt: Today, PNC officials and Governor Perdue were all smiles as the very last RBC sign came down, and a PNC Arena logo took its place. But tomorrow, the company is expected to start laying off employees in Raleigh and Rocky Mount – perhaps more than 600.

Governor Perdue says the job losses are a temporary setback.

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