Thursday, July 10, 2014

Charlotte job growth still outpacing the nation

Charlotte is adding jobs at a faster clip than the nation as a whole in 2014, a new report from PNC economist Gus Faucher says.

The city's exposure to industries like finance, homebuilding and transportation contributed to a steeper economic decline during the recession, but industries like those are now fueling the rebound, the report says. The unemployment rate in the Charlotte metropolitan area hit 12.3 percent in early 2010. It's since fallen to 6.3 percent.

The PNC report predicts above-average employment gains for the next several years as financial markets continue to grow, Charlotte's population expands and business costs remain low.


Anonymous said...

Is our competition the nation as a whole or other cities in the south and southwest. Is this kind of like a headline touting housing prices in Charlotte that increased by x % but buried in the story is the fact that nationally housing prices increased by 1 and 1/2 times as much?