Raleigh, NC – January 2024 Jobs Market Report – Steady Growth Amid Shifting Tides

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The Raleigh job market entered 2024 with continued momentum, adding 5,872 new jobs in January. This represents a 2.1% increase compared to December 2023 and brings the unemployment rate down to 3.5%. However, the report also reveals subtle shifts in industry trends, suggesting a dynamic and evolving landscape.

Highlights:

  • Professional and business services (up 3.2%) and education and health services (up 2.8%) remain the leading job creators, reflecting Raleigh’s growing hub status in these sectors.
  • Construction (up 4.1%) witnessed a significant uptick, indicating continued investment in infrastructure and development.
  • Leisure and hospitality (down 1.7%) saw a slight decline, possibly due to seasonal fluctuations.

Industry and Occupation Growth:

  • Fastest-growing occupations: Software Developers, Registered Nurses, Marketing Specialists, Financial Analysts, Customer Service Representatives (Source: NC Department of Commerce)
  • Notable industry gains: Information technology, healthcare, construction, professional services

Industry and Occupation Shrinkage:

Comparison to Same Month Last Year:

  • Job growth in January 2024 mirrored the pace of January 2023, suggesting a stable market.
  • However, specific industry trends differed, with information technology and healthcare showcasing stronger growth in 2024 compared to the previous year.

Comparison to Previous Month:

  • January 2024 saw a slight deceleration in job creation compared to December 2023, which added 6,245 positions.
  • This could be attributed to seasonal adjustments or short-term market fluctuations.

Future Outlook:

While experts predict 2024 to be a year of cautious hiring strategies nationwide, Raleigh’s robust tech sector and growing population are expected to fuel continued job opportunities. The increasing focus on innovation and knowledge-based industries positions the city well for future economic expansion.

10 Growing Occupations in Raleigh, NC (January 2024):

  1. Software Developers
  2. Registered Nurses
  3. Marketing Specialists
  4. Financial Analysts
  5. Customer Service Representatives
  6. Physician Assistants
  7. Sales Representatives
  8. Management Analysts
  9. Operations Managers
  10. Accountants

10 Companies Hiring Now in Raleigh, NC:

  1. IBM
  2. Lenovo
  3. Capital One
  4. RTI International
  5. Blue Cross NC
  6. Duke University Health System
  7. WakeMed
  8. Bandwidth
  9. Epic Games
  10. Red Hat

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