Waco economy returning to pre-recession status

POSTED: Tuesday, November 15, 2011 - 2:49pm
UPDATED: Friday, April 13, 2012 - 8:54am

WACO -- The Greater Waco Chamber of Commerce has seen the cities economic numbers steadily returning back to pre-recession status.

Many retail items took a dive in the past few years like cars, hobbies and restaurant sales.

But now, 2011 numbers are showing a steady increase.

Senior Vice President at the Greater Waco Chamber says the Waco economy is very diverse, so its ability to bounce back is a little easier than other cities in the US.
 

"We're a fairly diversified economy, so there's not one area that has really dropped really significantly or gone up significantly, and over the course of the last few years it's kind of kept us at a very good economy relative to the rest of the nation. And so although we've seen a little bit drop, the exciting thing is, nothing has really kept us from coming back. So we've started to see those numbers in terms of employment really just about back where they were in 2008," Senior VP Scott Connell said.  

Much of the growth is thanks to the healthcare industry, education and new businesses coming to Waco.

The total unemployment rate in Waco however, has not particularly improved.

Connell says there's about 2,000 more people in the Waco work force than 2 years ago.

Altogether, Waco has added 1,719 jobs since January of this year.

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