economic recovery

Business
9:13 am
Tue January 21, 2014

Family Dollar Profits Drop As Core Customer Struggles

Family Dollar, based in Matthews, has 8,000 stores in 46 states. The company plans to add 525 stores by the end of the year.
Credit WFAE

Matthews-based discount chain Family Dollar started to report record profits about 5 years ago when the country was in a recession.

And now as the economy is recovering, the company seems to be having a bit of trouble holding on to customers it gained during the leaner times. 

But Family Dollar's recent decrease in profits is a little more complicated than that.

In a conference call this month, Family Dollar CEO Howard Levine told investors an economic recovery is underway:

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Business
12:00 am
Sat August 25, 2012

Small Towns Left Behind In N.C. Recovery

Interstate highway.
Dougtone/Flickr

Almost all North Carolina counties have a lower unemployment rate than they did a year ago. But the latest job numbers show that the state’s economic recovery is much more concentrated than that.

Here’s a simple theory to explain job growth: do you live near an interstate?

"Most of the improvements in the state’s unemployment rate are coming along the I-40 and the I-85, I-95 corridors," said Allan Freyer, an analyst for the N.C. Budget and Tax Center.

Freyer said big cities off the interstates are the only places really recovering in North Carolina. 

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