Jun 15, 2012

Housing Trends

Triangle Area Employment Picture

While the latest U.S. employment figures portray a still struggling national economy, this is contrary to experiences in the Triangle Area. The Research Triangle, or Triangle Area, represents the region formed by Raleigh Cary, Durham and Chapel Hill. This area, home to research heavy North Carolina State University, Duke, and The University of North Carolina respectively, draws key grants and money from both institutional and private capital sources. This has allowed the region to weather the recent recession a little better and to emerge faster from the downturn than the state overall. According to the Bureau of Labor Statistics, North Carolina added approximately 30,000 non farm jobs in April 2012 compared to the previous year, although declining by 1,300 jobs from March 2012. However, both the Raleigh Cary MSA and the Durham Chapel Hill MSA experienced increases from March to April of this year. The Raleigh Cary metro area’s non farm employment increased by 600 jobs for the month and an added 8,100 jobs compared to the previous year. The Durham Chapel Hill metro experienced a rise in non farm employment of 700 jobs month over month and 3,900 jobs compared to April 2011.

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