Charlotte Experiencing Strong Economic Recovery Post-Pandemic

After a tricky, to say the least, 2020 for the financial system issues have began to show round. Vaccination charges are rising resulting in many native economies throughout the U.S. trending upwards. And identical to in most conditions, key financial metrics in some places have been rebounding at a quicker fee when in comparison with pre-pandemic ranges. A brand new research by SmartAsset analyzed information for 49 of the most important U.S. cities to seek out which areas had the strongest financial recoveries publish COVID-19 pandemic. They appeared on the adjustments in client spending, small companies open, small enterprise income, and job postings between January 2020 and April 2021. The March 2021 unemployment fee additionally factored into the rankings. So how is Charlotte doing post-pandemic?

And excellent news! Charlotte cracked the highest 20 cities with the strongest financial recoveries from the COVID-19 recession. Charlotte got here in at quantity 17 on the record, which was topped by Salt Lake Metropolis, UT. Midsize cities appear to be recovering at a quicker fee than the most important metropolitan areas. The most important metropolis to make the highest 20 was Dallas, which got here in at quantity 19. One other noteworthy discovering is that small companies are nonetheless hurting. The variety of small companies presently open and their income continues to be effectively beneath pre-pandemic ranges. Small companies took a few of the hardest hits over the past yr are such an integral a part of the financial system of our nation, hopefully, they are going to rebound quickly.

The complete report, together with the methodology and key findings, could be discovered here.