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24/7 Wall St.: Fastest Growing Cities in America

9. Charlotte, N.C.

Change in population: 2.7%
Population 7/11: 751,087
Population 4/10: 731,424
Average annual city unemployment (2011): 9.2%
Increase in jobs (2010 to 2011): 19,200 (2.38%)

From 2010 to 2011, Charlotte’s average annual unemployment rate fell from 9.7% to 9.2%. This was in part due to an increase in professional and business services jobs, which accounted for around 8,500 of the 19,200 jobs the Charlotte-Gastonia-Rock Hill MSA added between 2010 and 2011. Charlotte also seemed to have enjoyed a construction boom in recent years. In 2010, 12% of buildings were less than five years old, one of the highest figures among large metro regions in the United States. After a 2.4% price decline from fourth quarter 2010 to fourth quarter 2011 within Charlotte’s MSA, home sales volumes in the area have rebounded strongly — up 14% from June 2011 to June 2012.

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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