North Carolina Job Market

One of America’s Strongest Employment Markets

North Carolina’s economy is booming. Just ask your movers! They will tell you that they have been busy relocating thousands of professionals to the Charlotte metro region, Raleigh-Durham, or the Piedmont Triad. That’s because North Carolina has one of the most diverse economies in the country, anchored by the country’s second largest financial hub, and dozens of world-class institutions.

North Carolina offers all the ingredients necessary for sustained growth and prosperity. Historically, furniture, tobacco, and textiles have dominated North Carolina’s economy, but in the last fifty years, the state has been transformed into a major center for financial services, education, pharmaceuticals, and technology.

In 2008, Google invested more than $600 million to develop a server farm outside of Charlotte, and less than two years later, Apple followed suit, pouring nearly $1 billion into a similar facility northwest of the city. Recently, both Honda Jet and Spirit Aerosystems have relocated to the Carolinas. Charlotte is the home of several Fortune 500 companies, including Lowe’s, Goodrich Corporation, and Duke Energy, and North Carolina’s top-tier colleges and universities—Duke, UNC, NC-State, Wake Forest—continue to provide fuel for North Carolina’s developing economy.1

Motorsports and More

If you follow motorsports, then you already know that North Carolina is the heart of NASCAR country. Roughly 75 percent of U.S. motorsports employees, including drivers, call the Carolinas home. But stock cars aren’t the only things on the move in North Carolina. After New York, Charlotte moves more money and employs more financial services professionals than any other metro region in the country. Bank of America is located here, as are the East Coast headquarters of Wells Fargo, formerly Wachovia.

North Carolina is also quickly becoming the IT and energy capital of the east coast, with more than 300 energy and information-related companies, including Toshiba and Babcock-Wilson. In the first few months of 2013, job opportunities in North Carolina’s IT industry grew 6.8% month-over-month. And things are not going to be slowing down any time soon. 2

Since 2007, the number of registered nurses in North Carolina has grown by nearly 10%, an average increase of 1,000 jobs per year for a single position in just one industry! In the Piedmont Triad and Research Triangle regions of North Carolina, corporations and universities create a solid foundation for economic growth, making these areas highly desirable for employers and workers. So what are you waiting for? Contact the Prudential Carolinas Realty Family of Companies today to find out more about the opportunities that await you in North Carolina.





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