Mark Vitner
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Mark Vitner

States Ponder Costs, Benefits Of Film Incentives : NPR

Wells Fargo senior economist Mark Vitner says there's no argument that big productions dump loads of cash into communities where they film. But — and this is key — the incentives checks are written by state governments, often from their general funds. "It really puts us on a — sort of ...

NC Unemployment Rate Edges Up In January

Wells Fargo economist Mark Vitner said North Carolina is a rapidly growing state. He said January’s numbers reflect the difference between the increase in the labor force and the number of people hired. “That’s what’s caused the unemployment rate to go up,” said Vitner, adding ...

Consumers More Confident In September, But Only The Ones Who Bleed Blue

At least one economist, Mark Vitner at Wells Fargo Securities, explained to the Associated Press that part of the reason for the party-linked assessment might be the fact Democrats who watched their party’s convention earlier this month probably saw some hope in former President Bill ...

Manufacturing employment unlikely to recover fully, economist Mark Vitner says

Manufacturing employment unlikely to recover fully, economist Mark Vitner says The recovery of the U.S. and North Carolina manufacturing economies has brought back fewer jobs than were lost during the Great Recession, Wells Fargo economist Mark Vitner says. U.S. manufacturers have ...

Alabama economy 'poised for stronger gains' says yet another report

Mark Vitner is a senior economist for Wells Fargo, and the author of a recent report on Alabama's economy. Add Mark Vitner to the growing list of economists who see growth potential in Alabama's economy for 2013. Vitner, senior economist for Wells Fargo, estimates that ...

Talking With ... Mark Vitner: Recession cut deep, but ...

Talking With ... Mark Vitner: Recession cut deep, but recovery is slogging along Mark Vitner is a senior economist and managing director with Wells Fargo. Vitner tracks the economy in Florida. (Credit: Coureesy of Mark Vitner / May 06, 2012) Mark Vitner is a ...

With Benefits Cut, Unemployed Take Stock Of Dwindling Options : NPR

But Wells Fargo economist Mark Vitner says the cut in benefits has been a success in North Carolina: The unemployment rate has dropped significantly. "The thing that seems to have changed is that some folks who may have passed up on a job because it wasn't all that desirable and didn't ...

U.S. housing prices rise 0.5 percent in October

Gains are set to moderate as more sellers list properties, fewer distressed houses are available for investors to purchase and higher mortgage rates cut into affordability, said Mark Vitner, a Wells Fargo & Co. senior economist. "What we're seeing now is more of a normalization," he said ...

GDP Report Is Better Than Economists Expected : NPR

NOGUCHI: Mark Vitner is a senior economist at Wells Fargo. He says because consumption drives most of the U.S. economy, that higher spending by consumers helped boost second-quarter numbers. That was offset, as predicted, by lower government spending. VITNER: The areas of greatest ...

US May Skirt 'Fiscal Cliff' But Faces Higher Taxes : NPR

Mark Vitner, senior economist at Wells Fargo, said he expects budget policy, including the higher taxes in the Senate plan, to shave 0.8 percentage points off economic growth in 2013. The economy doesn't have much growth to give. Vitner predicts it will grow just 1.5 percent in ...

Slow Rebound May Determine Whether NC Really Swung : NPR

If 2010 elections, when Republicans gained control of the state General Assembly for the first time in more than a century, are any indication, Obama is in trouble, says economist Mark Vitner. "There's a lot of angst about the economy," says Vitner, a managing director and senior ...

NC jobless rate plummets, but questions remain about strength of ‘Carolina Comeback’

Two such trends: Most of the decline in the state’s unemployment rate last year occurred in the second half of the year, Balfour said, and a recent analysis by Wells Fargo senior economist Mark Vitner showed that the erosion of the labor force actually slowed in recent months. “So to try ...

New rules worry real estate officials

“Housing is really in the mud right now, and home construction is really in the mud right now,” said Mark Vitner, economist for Wells Fargo. Vitner said his greatest concern about the rules is the impact they will have on first-time homebuyers. Home purchases by first-time buyers ...

Real estate industry wary ahead of new mortgage rules

“Housing is really in the mud right now, and home construction is really in the mud right now,” said Mark Vitner, economist for Wells Fargo. Vitner said his greatest concern about the rules is the impact they will have on first-time homebuyers. Home purchases by first-time buyers ...

Mecklenburg County unemployment falls for third consecutive month

“We’re continuing to see gradual improvement in the Charlotte area,” said Mark Vitner, senior economist for Wells Fargo. “But I worry that a lot of people might be disappointed when they see that Mecklenburg’s unemployment rate is a percentage point higher than the national rate.” The ...

Wells Fargo economist warns of higher interest rates, housing bubble

Wells Fargo economist warns of higher interest rates, housing bubble Wells Fargo & Co. senior economist Mark Vitner issued two warnings to attendees at a commercial real estate luncheon Tuesday. He also praised the Charlotte Douglas International Airport, saying anything local leaders ...

October home sales look up

Wells Fargo senior economist Mark Vitner concurs with the rosy outlook. His group recently raised its forecast significantly for national home sales and new home construction in the current year, and he believes Charlotte is following the trend. “We are in a bit of a seller’s market, as ...

Weak jobs report puzzles economists, employers added just 74,000 jobs in December

Mark Vitner of Wells Fargo noted that several industries reported unusually steep job losses. Accounting and bookkeeping services, for example, lost 24,700 jobs, the most in nearly 11 years. And performing arts and spectator sports cut 11,600, the most in 2½ years. The movie industry ...

US economy adds 74K jobs in December; unemployment rate falls to 6.7 percent

Mark Vitner, an economist at Wells Fargo, pointed out that there were unusual job losses in several industries. Accounting and bookkeeping services lost 24,700 jobs, the most in nearly 11 years. And performing arts and spectator sports cut 11,600, the most in 2 ½ years. The movie ...

Reports Reflect Fed's Message Of Stronger Economy : NPR

Even so, Mark Vitner, an economist at Wells Fargo, said the reports point to underlying strength that should enable the economy to withstand jittery financial markets. "The economy is strong enough now that it can handle a couple of rough days on Wall Street," Vitner said. The ...

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