Raleigh was ranked as the #3 top Labor Market in the U.S.
To determine the country’s most dynamic employment landscapes, CareerBuilder and Economic Modeling Specialists Intl. developed the Labor Market 150. The quarterly index examines labor markets in the 150 largest U.S. metro areas through the lens of factors such as employment levels, unemployment rates, projected growth, job listing growth, and the availability of well-paid new jobs.
“The Labor Market 150 Index offers a balanced, holistic view of the current state of U.S. labor markets,” said Matt Ferguson, CEO of CareerBuilder.
“We know the economy is improving nationwide, but the index helps identify regions and cities driving the recovery, as well as those struggling to rebound. Metros with low unemployment and growth in good-paying occupations are ranked high, as well as metros projected to grow through the end of the decade and currently seeing new job openings on the rise.”
Both number three metro Raleigh, North Carolina, and number four Salt Lake City, Utah, are seeking strong growth attributed to the STEM industries, those related to science, technology, engineering, and math. Raleigh’s unemployment rate is 4.3%, while Salt Lake City’s is even lower at 3.2%.