Region ranks #3 in Five Year Job Growth

(From the Triangle Business Journal) “

The number of jobs in the Raleigh-Cary area grew 10.3 percent during the five-year period that ended in December – the third best performance among the 67 U.S. metros with a population of at least 750,000.

A study of U.S. Bureau of Labor Statistics data conducted by G. Scott Thomas of Buffalo Business First, a sister paper of Triangle Business Journal, found that Wake, Johnston and Franklin counties added 47,600 jobs between December 2004 and December 2009, bringing the area’s total number of jobs to 508,300.

Raleigh-Cary ended up on the positive side of the jobs ledge despite losing nearly 20,000 jobs over the past two years. The area had 527,700 jobs in December 2007. (Go to the bottom of this page to see how Raleigh-Cary fared in each of the five years studied.)

Still, Raleigh-Cary trailed only two Texas metros in percentage job growth over the five-year stretch. Austin led the way with 14.2 percent growth, to 781,000 jobs. San Antonio was second at 10.6 percent, to 847,700.”

For the full article from the Triangle Business Journal, please click here.

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