Thousands of jobs remain open across the Triangle, with one national job board listing more than 80,000 open job roles in the region. And one big reason is this: There are fewer than 40,000 unemployed persons in the combined statistical area.
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A new “economic corridor” focused on “new-generation manufacturing” is emerging across the middle of North Carolina as Durham-based Wolfspeed is expected to announce today a new semiconductor plant in Chatham County.
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The number of Triangle job postings on the 20 national and local job boards tracked by WRAL TechWire has decreased since a month ago.
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There’s been an on-going debate about whether the economy is in a recession. But there’s a complementary debate taking place. The question is whether – even if we are in or will soon be in – a recession, will the labor market largely be untouched. My column discusses this important question.
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The volatility in the Triangle’s labor market continues. Still, tens of thousands of Triangle jobs remain open, finds the WRAL TechWire Jobs Report.
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Fewer youths in their late teens and early 20s are receiving the experiences of, and lessons from, working for pay. I think my early jobs were valuable for me both then and later in life. What about you?
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My bottom line is this: We are in a slowing economy – exactly what the Federal Reserve (Fed) wants. If the Fed continues to raise interest rates – as I think they will – the economy will slow further and we very well may see aggregate job losses and a rising jobless rate.
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Looking for a job? Pondering a career change? With a possible recession the horizon and the state’s job market evolving, two North Carolina economists has some advice for you.
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There are fewer job openings in the Triangle now than a month ago. But is that a seasonal blip or a sign of a slowing regional economy? “As we head into more economic uncertainty, the easiest employee for a business to let go is one who isn’t hired yet,” an aconomist tells WRAL TechWire.
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