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Economy

Home sales in N.C. retiree hotbeds plunge $3B, Wilmington leads fall

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Residential sales in North Carolina retirement “hotspots” dropped by $3 billion in the past three years, Wilmington and Asheville accounted for almost half of that decline - reports the Greater Wilmington Business Journal. Full story...
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Credit education company to open call center, create jobs

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American Credit Financial says it will open a new call center in Wilmington and hire 70 people within the next year. The credit education company tries to teach customers how to fix their bad credit. Full story...
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Experts converge on UNCW to talk local economy

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While the economy is expected to stabilize, economists think unemployment will remain high over the next year. Full story...
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City, county may not get return on Gravely commissioning investment

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video The recession has been hard on both the city and county, and both have talked about raising taxes to help make ends meet. But dishing out $50,000 for food and transportation is something city council members and county commissioners say is well worth it. So we crunched the numbers to find out the return on investment. Full story...
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Thousands may owe NC for unemployment overpayments

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A North Carolina agency says thousands of long-term unemployed people could soon owe the state money because the agency mistakenly overpaid them. Full story...
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Wilmington Unemployment figures down again in August

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Unemployment rates dropped in 82 of North Carolina’s 100 counties in August, according to statistics released today by the state’s Employment Security Commission. The rates increased in 10 counties and remained the same in 8. Full story...
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August new home sales slowest on record

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Sales of new homes had their second-worst month on record in August, signaling that the housing market remains a severe weak spot for the economy. Full story...
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Beach businesses make transition to fall

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video It's official. Summer ended late last night. Businesses that rely so much on tourism based on sun and surf now have to figure out how to survive in the fall. Full story...
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Experts discuss business of sports in Wilmington

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video Sports are big business. Bringing that business to Wilmington was the topic of discussion this morning at the Wilmington Journal's Power Breakfast Series. Experts on the panel think the Port City could be a hit in the world of sports. Full story...
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Economic panel says recession ended in June 2009

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The longest recession the country has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday. Full story...
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