Woo-hoo, I'm recession-proof

In theory. According to Forbes.com, my city, Charlotte, NC, is one of the top ten recession-proof cities.

We examined unemployment data supplied by the U.S. Bureau of Labor Statistics for the year ending in February 2008 to see which areas are most adding or subtracting jobs. Next, we looked at the BLS data on job growth in non-farm payrolls, through February 2008, for construction, education and health services, financial activities, information, leisure and hospitality, manufacturing, natural resources and mining, professional and business services, trade, transportation and utilities, and the BLS's catch-all category, "other services."

We also took into account median home price data from the National Association of Realtors--from the fourth quarter of 2006 to the fourth quarter of 2007--to see which areas posted the largest annual gains. Our data don't account for the impact of declining sales in the first several months of this year.

Finally, our rankings were adjusted using data from a November 2007 report, "U.S. Metro Economies: The Mortgage Crisis," by the U.S. Conference of Mayors. It lists each city's estimated gross metropolitan product growth by projecting how rising foreclosures and falling home prices would affect overall levels of productivity in local economies.

Others include Oklahoma City, San Antonio, Austin, Houston, Dallas, San Jose, Raleigh, Salt Lake City and Seattle.

However, my clients do business all over the country and overseas, so if things suck there it trickles down to sucking for me. So here's keeping the fingers crossed.

Comments

[Connie]

Me too!