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Economy GROWS 3.5% in 3rd Quarter- Music to My Ears in Charlotte

October 29th, 2009 Listed Under: Living Here, Real Estate

Charlotte NC. This is Great Economic News. Great.

IMG_4112The US economy in 2009- 1st Quarter 6.4% loss, 2nd Quarter 0.7% loss, 3rd Quarter 3.5% gain

Inflation was annualized 1.6%. that is outstanding as well.

What’s left, we are done on the economy, right?

No, not done, not even close with more than 10M jobs lost, and over 12 M unemployed, and a Still shaky financial system.

It is ALL about Creating new jobs. Obama said it, and I couldn’t agree more. Waiting on those unemployment numbers to trend DOWN.  Details here at the New York Times

But in Charlotte we are making progress:

If you saw my last post you know Charlotte IS creating new jobs, 20% ahead of the pace in 2008, and unemployment is falling in Charlotte and Charlotte real estate prices have risen in 4 of the last 6 months, and homes sold were up 23% in August over a year before…

Still, if we want the good times rolling here in Charlotte, we have to create jobs- jobs for May grad’s, for mid-level managers, in finance, in manufacturing, in the service sector…

Question of the day? How can Charlotte, and North Carolina Grow more jobs here? Without the cross-state bribery going on in South Carolina?


Buying or Selling your home, we are here to help. Visit us online at Charlotte Real Estate or “meet me” online at the  #1 Video on You Tube for Charlotte NC. More urgent? Call me direct at 704-351-1519

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
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Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519