South By North Strategies, Ltd.

A recent article in the Triangle Business Journal asked how long it might take for North Carolina’s labor market to recover from the recession. The consensus opinion: a long time.

To help illustrate that point, the article featured data compiled by South by North Strategies, Ltd.

Following two previous recessions, the jobs bounce back was both quicker and stronger. According to data supplied by Chapel Hill-based South by North Strategies, after hitting bottom in the downturn of 1991, the state recovered to pre-recession levels in just 13 months by adding 6,800 jobs a month. From the trough of 2001 slowdown, recovery took 28 months with employment growing by 6,500 jobs a month.