Wednesday, 15 October 2008
America’s 10 hottest labor markets
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Raleigh is the strongest labor market beyond the Texas line, thanks to its amazing long-term growth rate. The local job base has expanded by 22.1 percent in five years, more than tripling the U.S. rate of 6.3 percent. This moderate-sized metro has gained 78,900 jobs as a result.
Quick Stats
Private-sector jobs as of mid-2008: 435,500
Unemployment rate as of mid-2008: 5.0%
Private-sector trend since mid-2003: Added 78,900 jobs
Five-year growth rate: 22.1%
Private-sector trend since mid-2007: Added 10,900 jobs
One-year growth rate: 2.6%
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This is useful information to those businesses that are looking to expand to the RTP area. Between the strong universities nearby creating a great wealth of employees, affordable living regarding housing, etc. coupled with fabulous weather, RTP is the next best place to be! Call me if you are interested in relocating yourself, an employee or your entire company!
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