Economy

Lavinia "Big Boss" Hensley
Leoneda Inge

The current state of the economy has shaken up countless careers, especially if you were in the housing construction business. But in a neighborhood outside High Point, one woman who used to build homes now uses her own home as a bakery. She said it was time to do the one thing she knew best and Big Boss Baking Company was born. Leoneda Inge has this report for our series, “Breaking into the Food Biz.”

Lavinia Hensley:  Hey come on in, how are you. You found us. See you weren’t too far.
Leoneda Inge: I know. I found it.

North Carolina's unemployment rate is continuing to show improvement.

Gurnal Scott: The state's jobless rate in April fell to 9.4 percent down three-tenths from 9.7 percent in March. This marks four straight months that the rate has gone down. Larry Parker is spokesman for the state Commerce Department's Division of Employment Security. He says while the decrease is good news, it doesn't mean the state's economic recovery is speeding up.

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.

In the wake of the global economic crisis, it seems Americans agree on at least one thing: the middle class is under siege. But who is the middle class? And what is it that's plaguing them?

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