How has Charlotte fared in the recession?
Charlotte had done remarkably well until the 4th quarter of 2008 when unemployment soared… interestingly not the financial sector (the Wachovia headquarters loss), but the loss was felt first in manufacturing sector and has spilled across across the countyother industries s it did across the country. Unemployment remains around 10%, but many outlying counties unemployment is in the mid to upper teens. Economists believe Charlotte’s last-in, will lead to a first-out of the recession. Charlotte never did lose large numbers of Wachovia jobs, and over 12800 jobs have been created in Charlotte in 2009, ahead of the 2008 pace.
