The local Charlotte economy was facing some dark times in relation to other large cities in the United States; however, due to tourism and athletic events, the North Carolina city looks like it's digging itself out of that fiscal hole.†
Charlotte has climbed 15 spots in On Numbersí latest monthly economic index, leaping ahead of Raleigh in the rankings for March but continuing to lag Durham.
Each month, On Numbers analyzes 18 statistical indicators to provide a snapshot of conditions in the 102 major metropolitan areas with populations above 500,000. Among the factors included in the analysis are private-sector job growth, unemployment, earnings, housing-price appreciation, and construction and retail activity.
Charlotte ranked No. 47 in the March report, up from No. 62 in February and passing its January ranking of No. 53.