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Fri March 30, 2012
NC Low in Per Capita Income Growth
There is another sign economic recovery is moving slower in North Carolina than in a lot of other states. The rate of per capita income growth is among the smallest in the country.
Leoneda Inge: The US Bureau of Economic Analysis says per capita income growth in North Carolina was 3.3-percent between 2010 and 2011. The only states with a smaller income growth rate are Maine and Alaska. Alexandra Sirota is Director of the North Carolina Budget and Tax Center. She says the state fared better three to four years ago.
Alexandra Sirota: I think what we’re seeing here, in these figures, is that leveling out and the continued impact of our failure to create jobs and keep the jobs that we have in our economy.
North Carolina’s per capita income grew from 35-thousand dollars a year to just over 36-thousand dollars.