Is Charlotte Recession Proof?

Forbes.com says we are….the site ranked us 9 of 10 cities they feel are ”Recession Proof”.  The list, culled from the country’s 50 largest metropolitan areas, cites the cities for their high job growth, rising home values and low unemployment amid a national economic downturn. 

“Despite a recent rise in unemployment, the economy in Charlotte and the nearby surrounding region of Gastonia and Concord has been strong,” Forbes.com says. “Home prices have shown healthy growth, and broad classes of industries like professional and business services, leisure and hospitality, transportation, education and health are expected to float the local economy this year.”

According to the Charlotte Business Journal, “In compiling its rankings, Forbes.com looked at unemployment and expected industrial growth data through February from the U.S. Bureau of Labor Statistics. It also surveyed home-price data from the National Association of Realtors and gross metropolitan product projections from the U.S. Conference of Mayors.”