According to the Opportunity Insights Economic Tracker, the employment rate among Buncombe County workers making $27,000 or less per year was 30.2% lower in mid-September than at the start of 2020. By comparison, jobs making over $60,000 annually were down just 3.4% on the year.
“Segregation and economic apartheid have been standard operating procedure for all my life in Asheville, and that has not changed.”
“In the area of diversity in hiring, Asheville is just as segregated, racist and unequal as it ever was, and while whites promote Asheville as a tourist and artistic mecca, African Americans are still cleaning rooms in expensive hotels instead of front desk or management positions and not being hired in banks, restaurants and trendy bars in downtown, Biltmore and West Asheville.”
The longest economic party in U.S. history isn’t quite over yet, economist Bernard Baumohl told a capacity crowd at the Metro Economy Outlook hosted by the Asheville Area Chamber of Commerce on Oct. 24. But fears of recession and “acts of human folly” clouded his assessment of otherwise strong market fundamentals.