The Economic Perspective: “Fast-Growing Metros”

I’m Mary Walden, with economist MW, welcoming you to the economic perspective.   Today’s program looks at fast-growing metros.  Mike, the big metropolitan regions of the Triangle and Charlotte have dominated the North Carolina economy in recent years.  Did they again come out ahead in job growth in 2019?

 

Mike:  Summary Answer

  • Actually not
  • The winners for the top job growth rates in 2019 were Wilmington first and Asheville second
  • Raleigh, Charlotte, and Winston-Salem were also in the top five
  • Interesting that Wilmington and Asheville are much smaller than Charlotte and Raleigh
  • Growth in Wilmington and Asheville of course pushed by tourism, retirement, and second homes
  • Also, some in those regions are questioning whether fast growth is putting too much pressure on home costs as well as changing the character of the areas
  • A debate that will likely continue
  • I’m MW

 

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics