Charlotte, North Carolina economy is buzzing

Jan 26, 2016 | Article

Charlotte, North Carolina, has become an example of a well-run economy that consistently provides citizens jobs in major market sectors.

Charlotte, North Carolina, has become an example of a well-run economy that consistently provides citizens jobs in major market sectors. The city is home to close to 800,000, according to City Data statistics from 2013. Since 2000, the population has swelled 46.6 percent, and it's becoming increasingly clear why everyone is flocking to North Carolina.

The Queen City takes the throne
Charlotte residents enjoy a humid climate that rarely sees snow, but also experiences more rain than most cities in the United States. According to Weather Spark, the temperature varies annually between 31 degrees Fahrenheit and 89 degrees, which contributes to the mild winters the city normally experiences.

Residents enjoy a number of amenities that come with living in the area. Charlotte provides locals with access to a number of professional sports stadiums, the Bechtler Museum of Art, the Carolinas Aviation Museum and Freedom Park. Weekends tend to be lively because of the colleges in the area and the professional sports scene, and those who have recently moved to the area can always find something to do.

Charlotte, North Carolina, has a burgeoning economy.Charlotte, North Carolina, has a burgeoning economy.

Can't stop, won't stop hiring
The technology sector in Charlotte is always hiring hacking experts, according to Denny Deaton, an ethical hacker for Gotham Digital Science.

"We're still actively hiring here in Charlotte," Deaton said to the Charlotte Observer. "We're growing very quickly."

The Charlotte Observer also reported that major companies like Lowes and Bank of America recently posted job advertisements for similar areas of work for divisions in the city. Charlotte's professional and business services sector is booming with 185,300 employed in the industry, according to the Bureau of Labor Statistics. This industry has had 3.3 percent growth in additional jobs in 2015.

  • Charlotte's most active industry is its mining, logging and construction industry, which has seen a massive 10.6 percent growth in new jobs in 2015, even though it only accounts for 59,600 employed in the city.
  • The largest industry in the city is trade, transportation and utilities, which employs 229,100. The growth this sector has experienced in 2015 equates to 3.6 percent, a sizable number for a large industry.
  • The government sector employs a hearty 155,300 and keeps a steady growth rate of just above 1 percent. In 2015, this growth rate topped out at 1.5 percent.

According to the BLS, there are no industries in the city that are declining in yearly growth rate, which bodes well for prospective job seekers. "Charlotte has changed so much since 2003, when I first relocated here," says Laura Centofanti, Division Director of Beacon Hill Associates in Charlotte. "It has been very exciting to be part of the city's expansion and growing labor force." Clearly, Charlotte is quickly becoming a role model of sustainable economic growth for cities in America.

This content is brought to you by the Marketing Team at Beacon Hill Staffing Group.

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