Data Shows North Carolina Consumers Are Spending More

A new government report says North Carolina's consumers started coming back to the stores and notched one of the country's highest jumps in spending in 2012 after the recession blues.

The figures come from a new report by the U.S. Bureau of Economic Analysis released Thursday showing that North Carolina tied for the sixth-highest rise in year-over-year consumer spending in 2012.

Wells Fargo Securities senior economist Mark Vitner in Charlotte says the state's economy really gained momentum in the second half of 2013 and the early part of this year. He says consumer spending increases haven't forced businesses to increase hiring because people shop differently than they used to. He says shopping clubs and online retailers need fewer workers.


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