Raleigh, NC – December 2023 Jobs Report: Tech Titan Maintains Momentum, Cautious Undercurrents Persist

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Raleigh’s December 2023 jobs report paints a picture of continued growth in the Triangle metro area, despite hints of moderation compared to past months. The tech sector remains a driving force, attracting talent and fueling expansion, while broader economic uncertainties call for prudent planning.


  • Unemployment drops again: The rate fell to a remarkably low 2.9%, signifying a highly competitive job market with ample hiring opportunities.
  • Job growth slows slightly: Nonfarm jobs added 2,300 positions, reaching 747,800, marking a decline compared to previous months’ momentum.
  • Professional and Business Services lead the charge: This sector added 1,000 jobs, encompassing areas like tech, finance, and consulting. Software developers, marketing specialists, and financial analysts could see opportunities.

What Industries and Occupations Grew:

  • Professional and Business Services: This sector added 1,000 jobs, showcasing expansion in tech, finance, consulting, and other professional services. Software developers, marketing specialists, financial analysts, and accountants might benefit.
  • Trade, Transportation, and Utilities: This sector added 500 jobs, potentially tied to growth in e-commerce, warehousing, and logistics. Warehouse associates, truck drivers, and logistics coordinators could be in demand.
  • Education and Health Services: This sector added 400 jobs, reflecting expansion in healthcare, education, and social services. Registered nurses, teachers, and social workers could find opportunities.

What Industries and Occupations Shrank:

  • No industries reported significant job losses in December 2023.

Compare to Same Month Last Year:

  • Unemployment rate: Significantly lower than 3.0% in December 2022, highlighting a major improvement in the labor market.
  • Nonfarm job growth: Higher than the 1,800 jobs added in December 2022, showcasing an accelerated pace of hiring compared to the previous year.

Compare to Previous Month:

  • Unemployment rate: Down from 3.0% in November 2023, marking a further decrease in unemployment.
  • Nonfarm job growth: Lower than the 3,800 jobs added in November 2023, showcasing a slight slowdown in hiring.

Future Outlook:

Experts cautiously predict continued progress for Raleigh’s job market in 2024. The low unemployment rate, despite slower growth, suggests potential resilience. However, monitoring national economic trends and their impact on specific industries is crucial. Tech, professional services, and trade could offer opportunities, while adaptability will be key in navigating potential shifts.

10 Growing Occupations in Raleigh, NC:

  1. Software Developers and Applications Developers
  2. Registered Nurses
  3. Marketing Specialists
  4. Sales Representatives
  5. Accountants and Auditors
  6. Customer Service Representatives
  7. Construction Laborers
  8. Truck Drivers
  9. Teachers
  10. Financial Analysts

10 Companies Hiring Now in Raleigh, NC:

  1. IBM
  2. Bank of America
  3. Wells Fargo
  4. Epic Games
  5. Google
  6. Apple
  7. Amazon
  8. Meta Platforms
  9. Duke University
  10. WakeMed Health & Hospitals