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Fayetteville's recovery from recession among fastest in U.S.

By Cathy Martin - Aug 26, 2014 - 5:00:00 pm

Fayetteville recovered faster from the Great Recession than all but two other U.S. cities, according to a survey by personal-finance website Wallethub.com. The city's economy is buoyed by Fort Bragg, the nation's largest Army installation and home to about 57,000 soldiers, according to the Associated Press.

Raleigh ranked No. 10 on the survey of 150 cities, while Durham was No. 22. Greensboro and Winston-Salem were Nos. 84 and 87. With much of its economy tied to the finance industry, which has taken longer to climb out of the recession, Charlotte ranked lowest among North Carolina cities included in the survey at No. 98.

The survey considered 18 metrics including unemployment rates, median household income growth, and increase in the number of college-educated workers moving to the area, to measure which cities experienced the most economic growth since the recession ended in June 2009.

Fayetteville also had the largest decline in the ratio of part-time to full-time jobs.

 

 

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