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Economy

NC unemployment rate drops slightly in October

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video The state Commerce Department released figures Friday showing that the rate dropped to 9.3 percent from 9.6 percent in September. The figures show a significant improvement from a year ago, when unemployment was 10.6 percent in October 2011. Full story...
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Hostess to close, cites nationwide worker strike

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video Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers. Full story...
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Area businesses serve those who have served

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video Many area businesses are saying thank you to our nation's armed forces with specials and discounts for current and past military members. Full story...
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Local unemployment more than point higher than nation

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video The October national jobs report released today shows more than 170,000 jobs were added to the economy last month. So why is our local unemployment office as crowded as ever? Full story...
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Pleasure Island businesses have mix views of bridge work impact

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video After weeks of delays, a long-term work project on the Snow's Cut Bridge has begun. One lane in each direction will be closed for about four months But with the holidays right around the corner, businesses on Pleasure Island have mixed feelings about the timing of the project. Full story...
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34th Annual Riverfest brings big money to businesses

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People filled downtown Wilmington this weekend for the 34th annual Riverfest celebration. Local businesses and vendors welcomed the crowds into their stores. They look at Riverfest as an opportunity to expand. Full story...
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US jobless rate falls to 7.8 pct., 44-month low

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The US unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election. Full story...
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NC unemployment rate up slightly to 9.7 percent

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North Carolina's unemployment rate ticked up to 9.7 percent in August with nearly 6,000 more people reported as jobless. The state Commerce Department said Friday North Carolina's unemployment rate rose slightly for a second straight month. Full story...
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Romney sees 'middle-income' as $200K to $250K and less, as does Obama

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Mitt Romney and President Barack Obama are both promising tax relief for middle-income Americans. But what's the definition of "middle-income?" Full story...
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Bike paths attract bikers to Outer Banks

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Officials on the northern Outer Banks say five-foot bike paths along N.C. 12 are attracting visitors. Full story...
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Dalton campaign rolls out NC economic plan

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Democratic gubernatorial candidate Walter Dalton is trying to show he's the candidate most able to improve North Carolina's economy by laying out a plan he says would put people back to work and keep them employed. Full story...
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Charlotte leaders ecstatic about results of DNC

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After a year of planning for the Democratic National Convention, delegates, journalists and even protesters have left North Carolina largest city. Full story...
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US home prices rise in July by most in 6 years

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U.S. home prices jumped 3.8 percent in the 12 months ending in July, according to a private real estate data provider. The year-over-year increase was the biggest in six years, further evidence that the housing market is steadily recovering. Full story...
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Topsail Island economy showing signs of recovery

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video The Topsail Island businesses have had consecutive down years since the 2008 recession but business owners may now have more to smile about than the sunshine. Full story...
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Beach Business Booms at Oak Island

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video Tourism dollars can make or break a business at the beach. One Oak Island man took a risk and opened a restaurant in the heart of the recession. Thanks to a busy summer, that risk paid off. He's not the only one seeing dollar signs. Full story...
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