Local News

Report: Raleigh shows robust recovery from recession

Posted November 8, 2011

— The Capital City is showing one of the strongest recoveries from the nationwide recession, according to new figures from the U.S. Bureau of Economic Analysis.

Raleigh posted 10.5 percent growth in its economic output between 2007 – before the recession – and last year, figures show. That growth ranked fifth nationally, behind only San Jose, Calif., Austin, Texas, Hartford, Conn., and Washington, D.C.


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  • missdawg Nov 9, 2011

    If a "robust recovery" = slower economic growth and higher unemployment, I would sure hate to see what would happen if they reported that this area was doing badly.

  • jblake1932 Nov 9, 2011

    Ok, and elephants can fly! Everyone that is looking for a job wonders where the growth is, and it ain't in jobs!!

  • oakcity Nov 9, 2011

    man alive, you folks just can't take any kind of good news can you? even if its just a little bit, growth is growth, a positive outweighs a negative.....santa clause could come down the street passing out 20's and folks here would think its some kind of conspiracy.

  • apnc2 Nov 8, 2011

    My wife works in mortgages and sees it first hand. Her office is booming.

  • Da Toy Maker Nov 8, 2011

    For those of you don't see the grow. It is not all bad for everyone. Sorry to hear that you are still hurting. Hopefully, your life will get better soon.

  • lb27608 Nov 8, 2011

    Also, if you look at GDP growth in constant dollars, we never got close to 10% yearly growth in Raleigh-Cary in the past decade. The largest increase was 6.5% from 2004-2005. The 2009-2010 increase was 5.2% - again, quite robust.

  • lb27608 Nov 8, 2011

    "RTP probably used to grow 10% in a good year."

    Yearly growth in GDP was about 10% between 2005 and 2007, but was much lower in Raleigh-Cary during other years looking back to 2001: 2% from 2001-2002, 2.7% from 2002-2003, etc. From 2009-2010, we saw 5.7% growth. That's pretty robust. (Source: US Bureau of Economic Analysis)

  • Mr. Middle of the Road Nov 8, 2011

    I have a small business and I can see it. The last few months have been good. Not hiring anybody yet but I have moved a couple of part timers back to full time. Its going to take a long time to recover from 2007 but at least we have started.

  • prn13norm Nov 8, 2011

    Must be all the work done by the "Occupiers" Oh that's right "Occupiers" don't work! If they can't be part of the solution then they must be part of the problem!

  • workingforthosethatwont Nov 8, 2011

    tell that to my employer, us state employees need some relief in our paycheck!