Apr 12, 2024 - News

🔥 Our hot job market

Illustration of a North Carolina-shaped thought bubble, with turning gears inside.

Illustration: Brendan Lynch/Axios

Raleigh and Charlotte are among the top 20 hottest job markets in the U.S., according to an annual ranking released by the Wall Street Journal.

Why it matters: People and employers flock to hot job markets like Raleigh in droves — driven by work opportunities, our climate and relatively low cost of living.

  • The share of recent grads moving to the Triangle has grown over the last decade.

By the numbers: Raleigh ranked No. 14, and notably had the fifth-fastest growing wages of any metro area.

  • Charlotte came in at No. 16.
  • The top three job markets were Salt Lake City, Jacksonville and Orlando.

How it worked: The Journal worked with Moody's Analytics to study roughly 380 metro areas in the U.S.

  • It then ranked them based on five factors: unemployment rate, the labor force participation rate, employment level changes, labor force size and wages.

Read the Wall Street Journal's rankings

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