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04-21-2009, 10:14 AM
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Objects in posts may be dumber than they appear.
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Join Date: Jan 2009
Location: Chapel Hill, NC
2,182 posts, read 1,006,077 times
Reputation: 1188
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Raleigh, Cary, Durham & Chapel Hill Among Best Cities for Jobs
Forbes magazine has ranked Durham & Chapel Hill as the 4th best medium-sized cities for jobs: Home to Duke University and the University of North Caroline-Chapel Hill, more than 43,000 college undergrads and grad students populate the city. Since 2003, jobs in the education sector have swelled by 28.8%, now numbering 57,300. Between 2007 and 2008, the region saw 0.4% job growth, a figure that was largely due to an 8% increase in government-sector jobs. A daily newspaper in Durham, the Herald-Sun, reported April 3 that the county had the second-lowest unemployment rate in the state. "The worst effects of the recession have been slower to reach our area," it wrote, "buffered as we are by a large number of jobs in usually recession-proof areas such as education and medicine." Raleigh & Cary ranked 8th among large cities: Raleigh-Cary is the only eastern locale to appear among the top 10 big cities. The area continued to rebound from an information-sector employment slump that spanned from 2000 to 2006. The sector recovered 2.4% from 2006 to 2007 and registered a modest 0.8% gain in 2008. Information jobs have helped the city overall, and government and other services sectors grew 4.3% and 5.6%, respectively, compensating for significant losses in natural resources, mining and construction (down 14.3%) and manufacturing (down 5.8%). Financial jobs fell 1.2% after 21.9% cumulative growth since 2000--a tough reversal in this increasingly volatile sector. Raleigh lost only 2% of jobs since 2007 after several years of heady growth from 2004 to 2007. Nevertheless, the region dropped to No. 8 from No. 1 in last year's rankings of large cities.
Best Cities For Jobs - Forbes.com
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