Staggering private-sector job loss in Charlotte

According to an article in the Charlotte Business Journal,

The nation’s 100 biggest labor markets have fewer private-sector jobs today than they did three years ago, according to an analysis by The Business Journals, the online division of the Charlotte Business Journal’s parent company, American City Business Journals Inc.

The Charlotte market lost 57,900 private-sector jobs between April 2008 and 2011. The Queen City now has 693,200 private-sector jobs, down 7.7 percent from 751,100 jobs from three years earlier.

To put the private-sector job loss in perspective, it would be the same as laying off every elementary teacher, assistant principal, principal, and central office administrator currently employed by North Carolina’s public schools.

Terry Stoops / Director of the Center for Effective Education | John Locke Foundation

Terry Stoops is the Vice President for Research and Director of Education Studies at the John Locke Foundation. Before joining the Locke Foundation, he worked as the progra...