Only five markets have gained at least 14,000 jobs since the summer of 2007. Among them is Charlotte, which has added 14,200 jobs in the last year. This remarkable one-year growth rate of 1.9 percent ranks fifth nationally. And while the past year, and especially the past couple months have seen the U.S. economy struggle, Charlotte, North Carolina continues to hang on and even thrive.
The bad news for the country is that we have seen 394,000 private-sector jobs slip away since mid-2007, perhaps this has affected you or someone you know. Certainly many people are feeling the economic slow-down. But a few sections of the country--including Charlotte have managed to avoid this economic turmoil.
Private-sector jobs as of mid-2008: 773,300
Unemployment rate as of mid-2008: 6.3%
Private-sector trend since mid-2003: Added 96,100 jobs
Five-year growth rate: 14.2%
Private-sector trend since mid-2007: Added 14,200 jobs
One-year growth rate: 1.9%