Best US city for jobs

Back in February Forbes magazine listed Raleigh as the best city in the US for jobs. This is great news for the area and is backed by facts indicating the region has "low unemployment, strong income and job growth, and high incomes -- yet it still maintains a relatively low cost of living." according to Hannah Clark in a Forbes report.

Also see recent reports from the North Carolina Progress Board on employment and long term economic growth from the NC Progress website.

WRAL.com
February 17, 2007

Best City in U.S. for Jobs? It’s Raleigh-Cary, Says Forbes Magazine

RALEIGH, N.C. - Raleigh-Cary is the hottest metropolitan area for jobs in the United States, says Forbes magazine in its annual survey of the top 100 cities.

Raleigh-Cary vaulted to first from seventh in the 2006 list, which was announced on Friday.

The area scored best in job growth rank, 10th, and income growth rank, 12th, in five separate statistical surveys that made up the survey.

“Raleigh, N.C., topped our list this year,” wrote Hannah Clark in the Forbes report. “The city has low unemployment, strong income and job growth, and high incomes--yet it still maintains a relatively low cost of living. Raleigh is part of the "research triangle," including Durham and Chapel Hill. Three major universities - Duke, the University of North Carolina, and North Carolina State University - make their homes in the area. The result: A city with good weather, a relatively low cost of living and a highly educated population.”

"There isn't much of a negative in Raleigh," Steven Cochrane, an economist with Moody's economy.com, told Forbes. "It has a lot of the amenities of Florida, except not the hurricanes." Read more...