Raleigh-Cary Area Ranks in the Top 10 of Large Cities with the Greatest Job Growth PotentialPosted by Teresa Pollock on Thursday, July 2nd, 2009 at 1:53pm.
Michael Shires, who is an associate professor in public policy at Pepperdine University, and Joel Kotkin, who is the executive editor of NewGeography.com, recently released their list of the "best cities for job growth." For those who live in the Raleigh-Cary, North Carolina area, it won’t be much of a surprise to learn that the city was included in the top 10 list of large cities. For those who are considering moving to the area, addition in this prestigious list is just one more reason to put the Raleigh-Cary area at the top of the list.
In order to rank the cities according to job growth potential, the study took a closer look at 333 Metropolitan Statistical Areas, as defined by the Bureau of Labor Statistics. The researchers considered two key components when developing the list. These included the job growth in the region over the past year as well as employment changes that have occurred in the area since 1996. By looking at current statistics as well as past trends, the researchers were able to get a better idea of the region's job growth potential.
Overall, the regions that made the top 10 list of large cities with the greatest job growth potential included:
- Austin-Round Rock, Texas
- Houston-Sugar Land-Baytown, TX
- San Antonio, TX
- Fort Worth-Arlington, TX Metropolitan Division
- Dallas-Plano-Irving, TX Metropolitan Division
- Seattle-Bellevue-Everett, WA Metropolitan Division
- Salt Lake City, UT
- Raleigh-Cary, North Carolina
- Oklahoma City, OK
- Portland-Vancouver-Beaverton, Oregon-Washington
When discussing the inclusion of the Raleigh-Cary area in the list, the authors noted that the area has "consistently appeared at the top of our rankings and [is] emerging as [a] preferred site for cutting-edge technology and manufacturing firms." In fact, the Raleigh-Cary area actually ranked in the number one spot last year on this same list.
The study's authors also stressed that all of the regions included on the list have demonstrated that "they have what it takes to survive the tough times. Less-stressed local government will be able to construct needed infrastructure and attract new investors so that job growth can rise to the levels of past years. If better days are in the offing, these areas seem best positioned to be the next drivers of the economic expansion this nation sorely needs."
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