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<blockquote data-quote="texan" data-source="post: 1020149" data-attributes="member: 38206"><p><strong>From the Charlotte Observer (should have some credibility for that area)</strong></p><p><strong></strong></p><p><strong>Despite DNC boost, economic recovery dragging in host city Charlotte</strong></p><p><strong></strong></p><p><strong><strong><span style="font-size: 10px">Unemployment, bankruptcy filings and consumer confidence all remain downbeat</span></strong></strong></p><p><strong><strong><span style="font-size: 10px"></span></strong></strong></p><p><strong><strong><span style="font-size: 10px">Charlotte moves to the center of the political universe this week as the Democratic National Convention </span></strong></strong></p><p><strong><strong><span style="font-size: 10px">comes to town. Yet despite the glitzy upgrades, A-list guests and an election season largely focused on </span></strong></strong></p><p><strong><strong><span style="font-size: 10px">the economy, experts say the host city’s recovery remains disappointing. </span></strong></strong></p><p><strong><strong><span style="font-size: 10px"></span></strong></strong></p><p><strong><strong><span style="font-size: 10px">More than 48,000 people were looking for work in Mecklenburg County in July, the highest level since January. </span></strong></strong></p><p><strong><strong><span style="font-size: 10px">The local unemployment rate remains higher than the state and national average.</span></strong></strong></p><p><strong><strong><span style="font-size: 10px">Bankruptcy filings have ticked upward.</span></strong></strong></p><p><strong><strong><span style="font-size: 10px"></span></strong></strong></p><p><strong><strong><span style="font-size: 10px">Area economists who weighed in recently on the local economy, two-thirds of the way </span></strong></strong></p><p><strong><strong><span style="font-size: 10px">through 2012, did find a few bright spots, from construction to financial services. </span></strong></strong></p><p><strong><strong><span style="font-size: 10px">But they don’t expect the big picture to brighten much the rest of the year, they said.</span></strong></strong></p><p><strong><strong><span style="font-size: 10px"></span></strong></strong></p><p><strong><strong><span style="font-size: 10px">Despite DNC boost, economic recovery dragging in host city Charlotte | CharlotteObserver.com</span></strong></strong></p><p style="text-align: left"></p></blockquote><p></p>
[QUOTE="texan, post: 1020149, member: 38206"] [B]From the Charlotte Observer (should have some credibility for that area) Despite DNC boost, economic recovery dragging in host city Charlotte [B][SIZE=2]Unemployment, bankruptcy filings and consumer confidence all remain downbeat Charlotte moves to the center of the political universe this week as the Democratic National Convention comes to town. Yet despite the glitzy upgrades, A-list guests and an election season largely focused on the economy, experts say the host city’s recovery remains disappointing. More than 48,000 people were looking for work in Mecklenburg County in July, the highest level since January. The local unemployment rate remains higher than the state and national average. Bankruptcy filings have ticked upward. Area economists who weighed in recently on the local economy, two-thirds of the way through 2012, did find a few bright spots, from construction to financial services. But they don’t expect the big picture to brighten much the rest of the year, they said. Despite DNC boost, economic recovery dragging in host city Charlotte | CharlotteObserver.com[/SIZE][/B][/B] [LEFT][B][B][SIZE=2][COLOR=#000000][/COLOR][/SIZE][/B][/B][/LEFT] [/QUOTE]
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