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Woody Hall announced his retirement from UNCW after 40+ years of service to our community. Woody is the senior economist in the Swain Center for Business and Economic Services and a professor of economics. Woody is well known for his annual forecasts of economic activity for the southeast North Carolina region. A reception will be held on Wednesday, April 29 to celebrate his leadership and years of service to our region.
According to the Wilmington Star News: Hall grew up and graduated from high school in York, S.C., south of Charlotte. In 1963 he headed to Presbyterian College, graduating in 1968 with a bachelor's degree in economics. , Hall headed to Clemson University, where he earned his master's and Ph.D. But his track to the degrees was delayed as he, like thousands of other young men at the time, was called to active duty in the Army."This was at the height of Vietnam," Hall said.
He stayed stateside, but as an Army Reservist stationed at Camp Shelby, Miss., he helped clear the trees that had been blown down by Hurricane Camille.
Back at Clemson, his master's thesis was a precursor of his future – "Regional Economic Analysis".
Hall also became interested in studying the environmental costs of economic development."In the early '70s, there was a proposal to erect a petrochemical manufacturing facility in South Carolina near the Atlantic Ocean. To put it mildly it created a stir throughout South Carolina," he said. "The governor called upon the public institutions to do some analysis. "The plant was going to be 10 miles from Hilton Head. We had a strange alliance. We had minority fisherman aligning themselves with wealthy property owners. What we tried to do is to come up with some measures of how much people value environmental amenities – the absence of environmental pollution. I did some survey work." And that was the subject of his doctoral dissertation.
The Economic Barometer is a quarterly snapshot of local, regional and national economic trends that is produced by Dr. Woody Hall and Dr. Tom Simpson. This quarter's highlights include:
US ECONOMY - Recent performance. The U.S. economy has been giving off mixed signals thus far in 2015. Employment growth slowed sharply in March to 126 thousand from average monthly gains of 233 thousand in the first two months of the year and 260 thousand per month over all of 2014. In contrast, weekly claims for unemployment insurance through early April have continued to hover near historical lows, suggesting that the labor market remains robust.
LOCAL ECONOMY - Revised data on real (inflation-adjusted) gross domestic product (GDP) show that, with the exception of a 1% decline in 2012, the Wilmington, NC MSA (New Hanover and Pender Counties) economy grew over 2010-13. Real GDP in the MSA is forecast to rise 3.5% over 2014 and 3.8% over both 2015 and 2016. As the 2013 GDP figures in the legend show, the Wilmington, NC MSA was 53% larger than the Jacksonville, NC MSA, 81% as large as the Myrtle Beach-Conway-Georgetown, SC-NC MSA, 71% as large as the Fayetteville, NC MSA, and 9% as large as the Charlotte-Concord-Gastonia NC-SC MSA.
The business world is transforming itself from the industrial age into the information age.
Business education at the Cameron School of Business is focused on the technical, analytical and interpersonal
skills students will need to lead this fundamental change in the business world through the 21st century.
The Cameron School of Business is fully accredited by the Association to Advance Collegiate Schools of Business (AACSB) . AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world's business programs. Today, there are 727 business schools in 48 countries and territories that maintain AACSB Accreditation.
The school achieves a leading position among regional public universities through: