Fayetteville is one of just 54 metropolitan areas in the United States to have its employment level higher than it was before the recession began in 2007, according to Garner Economics, based on the latest data released from the U.S. Bureau of Labor Statistics.
"This is an incredibly positive sign for our community," said Doug Peters, President and CEO of the Fayetteville-Cumberland County Chamber of Commerce. "Obviously, we have a long way to go before things will seem like they were before the recession again. But it's a good feeling that we are in a community that is providing opportunities for our citizens to work."
According to the data, Fayetteville has approximately 1,900 more jobs as of November 2011 than it did in November of 2007. That's an improvement of 1.5 percent. While that may not sound like much, it's the best in the state of North Carolina. Jacksonville maintained the same level over that period. All other markets lost jobs. The national average was around 0.7 percent.
The statistics show that 54 metros have exceeded their pre-recession totals, eight have stayed the same and 310 are still below those numbers. Fayetteville is among just 34 metros to have exceeded pre-recession numbers in the first 11 months of 2011.
"As we see our community work together more and more, we'll see these numbers continue to rise," Peters said. "The lower numbers in other communities around our state show just how hard we are going to have to continue working."
While there are still hundreds of metros that have not returned to their pre-recession numbers, things are actually looking up in most areas. The latest data shows that 239 of 372 metros have greater employment, or the same numbers, as they did just one year earlier, according to Garner Economics. The report issued by Garner said this is the 17th consecutive month where more metros added jobs than lost jobs.
Military markets nationwide tended to be on the more positive side of the trends. Of the group of 34 that exceeded their pre-recession numbers every month in 2011, five of them were military communities.
The Chamber of Commerce has recently partnered with Garner Economics to develop an economic development strategy for the community.
North Carolina numbers:
Asheville -5.3% (9,400 loss)
Burlington -9.2% (5,700 loss)
Charlotte-Gastonia-Rock Hill -8.2 (72,400 loss)
Durham-Chapel Hill -2.8 (8,100 loss)
Fayetteville +1.5% (1,900 gain)
Goldsboro -6.2% (2,800 loss)
Greensboro-High Point -7.8% (29,200 loss)
Greenville -4.1% (3,300 loss)
Hickory-Lenoir-Morganton -13.4% (21,900 loss)
Jacksonville 0.0% (0 gain/loss)
Raleigh-Cary -2.9% (15,100 loss)
Rocky Mount -8.2% (5,400 loss)
Wilmington -8.8% (13,000 loss)
The Impact of Supporting Local
By choosing to patronize locally owned establishments, you make a positive impact on our community in many ways. Here are just 5 of them:
1. Environment - By buying things made closer to home, you’re cutting down on fossil fuel use, reducing your carbon impact and saving money.
2. Local Economy - Local businesses buy more often from other local businesses, so the money you spend is retained in the community in a more concentrated fashion.
3. Local Flavor - The experience at a local establishment is completely unique – providing the local flavor of the area
4. Community Care - Local entrepreneurs are more connected to our community, because they live here, too. They are more likely than their non-local businesses to get involved in community efforts.
5. Voicing Your Opinion - You are voting with your dollar to say, “Hey, I like this place and the neighborhood wouldn’t be the same without it.”