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Wednesday, December 8, 2010

N.C.'s economy projected to grow in coming months

Posted By on Wed, Dec 8, 2010 at 10:15 AM

Woo hoo! This is good news, right?

From The Charlotte Business Journal:

The N.C. economy is expected to grow 1.4 percent in 2010, according to UNC Charlotte economist John Connaughton. The modest increase follows a decline of 2.9 percent in 2009.

“The national economy has been able to put together five consecutive quarters of expansion, while the N.C. economy has struggled to put together three quarters of growth,” Connaughton says. “The state’s economic growth during this time has only been sufficient to stem job losses, but not to generate job growth.

His assessment of the state’s economic expansion this year is up from the 0.8 percent growth rate he forecast in September.

Read the rest of this article here.

For those of you who are still wondering how anyone can consider the Great Recession over, "All I want for Christmas is a job" ... with lyrics!

Rhiannon "Rhi" Bowman is an independent journalist who contributes snarky commentary on Creative Loafing's CLog blog four days a week in addition to writing for several other local media organizations. To learn more, click the links or follow Rhi on Twitter.

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