News
October 7, 2008
Moody's: Raleigh's Economy Among Few Growing
According to an analysis by Moody’s Economy.com, about two-thirds of the country’s 381 metropolitan areas are in recession and another one in five is at risk. (Please see graphic ) This was the report published Sunday in The New York Times.
That leaves only 14 percent of America’s metropolitan areas reporting economic growth. Raleigh is among the 56 metropolitan areas the study found was growing. An economist who worked on the Moody’s report said that areas with growing economies were those more reliant on education, health care and energy. He cautioned that indicators are pointing down even in these areas.
The report evaluates employment and industrial production date for the six months ending in August.
Prepared by:
Jayne Kirkpatrick
Director
Public Affairs Department
For More Information Contact:
Jayne Kirkpatrick
Director
Public Affairs Department
222 West Hargett Street
Raleigh, NC 27602
919-996-3100
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