by Michael Lowrey
The financial services sector continues to evolve, though not in ways that are necessarily good for the Charlotte jobs market. Wells Fargo gave 60-day notice today that they are eliminating 284 jobs here in the Queen City. And as the UPoR reports:
In Mecklenburg County, banking jobs have not returned to prerecession levels. The finance and insurance sector employed 51,490 last year, according to federal data. That’s down from 53,917 in 2007, before the recession and financial crisis.
And let’s be clear here, if banking and insurance aren’t growing, it will be difficult for Charlotte’s economy to grow in general.