Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

Login Options

3:34 a.m. • 2-8-12

Weather Forecast for Raleigh

  • Today: Rain.
    • Hi: 53° F
  • Thu: Partly Cloudy.
    • Hi: 52° F
  • Fri: Partly Cloudy.
    • Hi: 58° F

Other Locations

> 7 Day Forecast

Doppler Image

Marketplace Links

Social Links

Main Menu

Best City in U.S. for Jobs? It’s Raleigh-Cary, Says Forbes Magazine


e-mail print friendly
Forbes
Forbes
RALEIGH, N.C. - Raleigh-Cary is the hottest metropolitan area for jobs in the United States, says Forbes magazine in its annual survey of the top 100 cities.

Raleigh-Cary vaulted to first from seventh in the 2006 list, which was announced on Friday.

The area scored best in job growth rank, 10th, and income growth rank, 12th, in five separate statistical surveys that made up the survey.

“Raleigh, N.C., topped our list this year,” wrote Hannah Clark in the Forbes report. “The city has low unemployment, strong income and job growth, and high incomes--yet it still maintains a relatively low cost of living. Raleigh is part of the "research triangle," including Durham and Chapel Hill. Three major universities - Duke, the University of North Carolina, and North Carolina State University - make their homes in the area. The result: A city with good weather, a relatively low cost of living and a highly educated population.”

"There isn't much of a negative in Raleigh," Steven Cochrane, an economist with Moody's economy.com, told Forbes. "It has a lot of the amenities of Florida, except not the hurricanes."

The unemployment rate in Raleigh-Cary was under 4 percent in December, according to the latest figures from the N.C. Employment Security Commission.

Raleigh-Cary scored a total of 110 points, 11 better than second-place Phoenix.

The capital area finished 13th in unemployment, 30th in median household income. However, its cost of living was high – 45th.

The data in those five categories was compiled by Moody’s economy.com. The 100 largest metropolitan areas as defined by the U.S. Census Bureau were included. Each statistical category was weighted equally, according to Forbes.

Also making the top 100 from North Carolina were Charlotte-Gastonia-Concord and Greensboro-High Point. However, the Charlotte area fell four places from 2006 to 36th place. Greensboro-High Point fell to 89th from 85th.

Atlanta, meanwhile, vaulted to 22nd from 42nd. Columbia, S.C. climbed to 50th from 63rd, and Greenville-Spartnburg jumped to 68th from 91st.

For the complete report, visit the Forbes Web site.

RELATED TOPICS: Raleigh, Research Triangle, Durham, NC State University, Job Losses, Hurricane Season, Florida Keys Oil Spill

e-mail print friendly

17 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments VIEW ALL 17 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

Latest Comments
To you guys that are over 50 and have no education...there is still no hope for you (even here). No one wants you so quit crying. Keep trying for that job at Wendys and if not....the homeless shelter is on Wilmington St!

Purple, you are absolutely correct. I lived in your area in 1985-87, having moved there because of all the hype about how it was the best place to live and about all of the jobs. Well, my wife, who is in the medical field, got a job easily, but as for me, the job situation was pathetic--it was basically retail or clerical at very low wages. The local underground newspaper (can't recall the name) in the area did a special report about the massive underemployment, especially when couples move to the area because one spouse gets a job offer there. Often the other spouse never gets decent employment. I wouldn't be surprised if the Chambers of Commerce of the area arrange to get this kind of job hype so that there will be an influx of people, an oversupply of labor, and therefore, low wages...think about it. Since my license plate said "First in Flight" at the top, I got a vanity plate reading "LASTNPAY". Got lots of thumbs-up on the road! I guess nothing's changed in 20 yrs.

Some are glass half full people. Some are glass half empty. Others seem sure that the glass is poisoned.

Less whining & more (a) job seeking, (b) skills improving, (c) refusing to work something that is *ahem* beneath you, etc. etc. is all that is needed the majority of the time.

"If you can't find employment in the #1 ranked City, it is no ones fault but your own."

I'm sure the thousands of people who have been looking diligently for work, or the thousands more who used to make 3 times as much in RTP but are now having to work at Home Depot because it is all they could get, really appreciate that remark.

No one talks about "under-employment". This area is full of people who used to be engineers and project managers who are now working in manufacturing plants and retail jobs because its all they could find. The Triangle is not the heaven-on-earth job market that Forbes magazine makes it out to be... it seems as if everyone makes a huge salary ($70k+) or barely gets by (

Good! That gives me hope in my employment search! It's been 20 years since I have had to look for a job and it isn't easy out there but this is good news!

View Comments VIEW ALL 17 COMMENTS

Market Watch

advertisement