Nov
25

Carolinas Continue Rebound from Great Recession

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Charleston has significantly improved its gross domestic product from the depths of the Great Recession, according to recent data from the Brookings Institution.

In its Metro Monitor for September, Brookings examines the 100 largest U.S. metro areas for four key metrics:

  • gross product
  • home prices
  • jobs
  • unemployment

Those indicators are studied at the depths of the recession, during the recovery, and where they stand currently. Brookings then ranked the cities based on improvement in each of those categories.

When it comes to rebounding from its lowest point, Charleston ranked No. 9 in GDP improvement, gaining 17 percent from the third quarter of 2009 to Q3 2013. It ranked 12th in job creation, gaining 9 percent from Q4 2009.

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