Of 114 manufacturing-dependent regions, Charlotte had the biggest percentage increase in jobs from 1980 to 2005, according to a reported released Thursday by Washington, D.C.-based Brookings Institution.
Alec Friedhoff, research analyst at Brookings, said a manufacturing-dependent region is one in which the share of manufacturing jobs is at least 5 percent more than the country’s average.
“Charlotte’s growth in certain industries was extraordinary when compared to the national experience,” Friedhoff said. “This primarily reflects the region’s growth in the banking sector.”
The report does not cover the period of the recession. So it does not incorporate recession-related job losses that have struck the region.
The report, “Manufacturing Decline in America’s Industrial Metropolitan Areas: Testing Conventional Wisdom,” says the Charlotte region had an increase of 393,000 jobs between 1980 and 2005, an increase of 96.3 percent.
In Charlotte, the biggest increase was in nonmanufacturing jobs, such as government, construction and education, which saw an increase of 427,000. Other sectors that saw spikes: finance and insurance, with 44,300 new jobs; and professional, scientific and technical services, with 27,600 new jobs. Meanwhile, manufacturing saw a loss of 34,700 jobs.