More great news for North Carolina and for those planning to relocate to the Triangle. Although the state's unemployment rate reached a 16 month high of 4.9 percent in January, economists say that North Carolina is doing well enough to avoid the the recession.
According to a senior economist at Wachovia Securities, the state's economy "is still growing although at a slower pace." The state has gained about 5400 jobs, while the whole nation has lost 60,000.
In Durham 80 percent of companies have said they plan to add workers in the second quarter this year. While 13 percent of Raleigh companies plan to add workers, 20 percent are planning cutbacks. Greenville and Rocky Mountain are among the highest with 40 percent and 20 percent of companies planning to add workers.
This great news. A strong job market can help the housing the market, drawing people from other states, growing the housing sector. Of course housing markets in other states are preventing the sales of those houses, preventing the potential purchase of a home here, but there are still plenty people setting their sights on the Sunny Carolinas!
Nogui Aramburo
Bilingual Realtor, My Dog Tess, Inc.
nogui@mydogtess.com
www.realestateinthetriangle.com
919.771.3609
Ask me about the Tess Advantage!
Nogui Aramburo
Real Estate Broker / Licensed Assistant
Linda Craft & Team, REALTORS
www.lindacraft.com
(919) 771 3609
