Consumers are the ‘X’ factor in economy; in Triangle, jobs market remains strong

Leonardo Rasaki

RESEARCH TRIANGLE PARK – The Federal Reserve again raised interest rates last week, which is expected to increase the borrowing costs across the economy, including raising the costs of expanding a business. 

That means that demand could slow, and demand for employment may slow as well, leading to a changing labor and jobs market that could see unemployment increase, Dr. Gerald Cohen, chief economist at the Kenan Institute tells WRAL TechWire. 

“One of the big X factors is how much both the Fed actions and the market reaction will dent consumer confidence which had already taken a hit, though was starting to rebound,” said Cohen. 

Still, Triangle employers are seeking to hire tens of thousands of people right now, according to the latest WRAL TechWire Jobs Report. 

And while there are some signs of a pullback, especially in tech jobs, and some layoffs in the tech sector, the Triangle is positioned to be more economically resilient than other areas, if the national economy were to be declared in a recession, said Dr. Michael Walden, an economist and regular contributor to WRAL TechWire. 

“Workers should hang on to their jobs, and make themselves valuable so they can survive potential job cuts,” said Walden.

Hey job seekers: More than 4,100 jobs are open at these 40 Triangle employers

Tech job openings falling, but NC still saw strong sector gains

Last week’s NC TECH IT Job Trends report showed an eight-month low for the number of information technology openings in North Carolina, with fewer tech jobs posted in August 2022 than there were one year prior.

And while some 31,853 jobs were posted in August, the data shows the third consecutive monthly decrease since job openings in North Carolina’s information technology sector hit record highs in May 2022.

As threat of layoffs grows, which workers are the most vulnerable?

Still, a monthly report on tech jobs from CompTIA found that North Carolina ranked first overall for the difference in tech job postings between July 2022 and August 2022.

North Carolina led the nation, with a positive change of plus 700 tech job openings, according to the report.  And, overall, North Carolina ranked sixth in the nation for the total number of job openings in August 2022, while the state is the ninth most populous state in America. 

The report indicates that much of the gains in tech sector job openings is coming from Raleigh, with a +472 difference month-over-month, the second-most gains of any metropolitan region in the nation, and from Charlotte, with a +146 difference month-over-month, the seventh-most gains of any metro. 

High-tech job openings in NC drop to lowest total in 8 months

 

Here’s the latest

On 13 of the 20 job sites tracked by WRAL TechWire for the weekly report, job postings have increased week-over-week.  But only nine of the 20 job site searches show more jobs open now than one month ago, according to the analysis.

However, in the aggregate, the total number of job postings tracked by the report has increased by 8.74% month-over-month, with 29,248 additional job postings total than a month ago.

Much of those month-over-month gains in job postings comes from increases in job postings on the job board Adzuna. It showed gains of more than 12,900 postings in Wake County month-over-month and an increase month-over-month of nearly 5,900 job postings in Durham County. Tech job openings may be decreasing, however, with more evidence supporting the NC TECH report.

Job postings on Dice.com, a job board specializing in IT roles, shows decreases in postings of about 5.5% month-over-month.  But the decline in IT jobs may have begun earlier in the summer, with the data showing that job openings on Dice.com based in Wake County have fallen from more than 18,700 openings in mid-June to less than 17,400 openings in the latest report.

That’s coming as recent layoffs have hit high-profile companies headquartered in the Triangle, including Pendo and Avaya.

Note: WRAL TechWire’s weekly Jobs Report compiles the latest information from the region’s top job boards, offering a breakdown of how many jobs are posted, which companies are hiring, and what positions are most in-demand. Here’s more from WRAL TechWire on the latest changes in the labor markets in our local economy.  Below, we’ve gathered the latest upcoming job fairs, student-centric resources, and a list of Twitter accounts that track local job openings.  Here’s what’s new since the last WRAL TechWire Jobs Report.

Triangle is a job seekers market: Openings vastly outnumber the unemployed

 

The data on Triangle jobs

Each week, WRAL TechWire tracks the total number of Triangle-area positions posted on major job websites, across 20 different searches. Here is the latest data, as of 1 PM on Monday, September 19.  We use the shorthand abbreviation “MoM” for month-over-month and “YTD” for year-to-date in our report. This week’s report also includes tracking the month-over-month gains as a percentage increase or decrease in the total number of postings measured by WRAL TechWire.

  • Adzuna:
    • Wake County: 61,373 (⇑+12,907 or 26.63% MoM; ⇑+18,842 YTD)
      • Raleigh: 47,706 (⇑+8,880 or 22.87% MoM; ⇑+23,762 YTD)
    • Durham County: 19,051 (⇑+5,892 or 44.78% MoM; ⇑+9,297 YTD)
    • Johnston County: 4,132 (⇑+1,015 or 32.56% MoM; ⇑+903 YTD)*
  • Dice.com (using the 5-mile radius filter):
    • Raleigh: 17,354 (⇓-969  or -5.29% MoM; ⇑+1,983 YTD)
    • Durham: 16,654 (⇓-972 or -5.51% MoM; ⇑+1,474 YTD)
    • Chapel Hill: 16,442 (⇓-935 or -5.39% MoM; ⇑+1,432YTD)
  • Glassdoor: 40,084 jobs across the Research Triangle Park area (⇓-619 or -1.52% MoM; ⇑+5,236 YTD)
  • Indeed:
    • Raleigh: 21,984 (⇑+350 or 1.62% MoM; ⇑+5,576 YTD)
    • Durham: 12,536 (⇑+1,197 or 10.56% MoM; ⇑+2,499 YTD)
    • Chapel Hill: 3,523 (⇓-187 or -5.04% MoM; ⇓-365 YTD)
    • Johnston County: 3,571 (⇓-2 or -0.06% MoM; ⇑+2,594 YTD)
  • LinkedIn (using the “exact location” and “0-miles” filters):
    • Raleigh: 26,689 (⇑+5,044 or 23.30% MoM; ⇓-176 YTD)
    • Durham: 12,256 (⇑+912 or 8.04% MoM; ⇓-2,231 YTD)
    • Chapel Hill: 3,403 (⇓-316 or -8.5% MoM; ⇑+973 YTD)
    • Johnston County: 1,849 (⇓-1,729 or -48.32% MoM; ⇑+303 YTD)
  • ZipRecruiter (5-mile filter):
    • Raleigh: 37,798 (⇓-469 or -1.23% MoM; ⇑+4,576 YTD)
    • Durham:  16,329 (⇓-744 or -4.36% MoM; ⇑+1,471 YTD)
    • Chapel Hill: 904 (⇓-25 or -2.69% MoM; ⇓-2,740 YTD)
    • Johnston County: 413(⇑+18 or 4.56% MoM; ⇑+34 YTD)*

https://wraltechwire.com/2022/07/26/is-triangle-jobs-market-slowing-number-of-openings-remains-volatile/  

 

Methodology on measuring Triangle job market

Editor’s Notes: The month-over-month totals are compared to our August 30 report, and the year-to-date totals compare to our Jan. 3 report.  **We’ve also updated the methodology for which we track Johnston County job openings on LinkedIn, twice now, in July and in August, as the platform updated how jobs display, and in today’s report return to month-over-month comparisons.  *And, the year-to-date data for Johnston County tracks from Jan. 31, 2022, when we began to track job postings in the county for the WRAL TechWire Jobs Report. 

 

Weekly Startup Jobs Report

Aside from the boards above, job seekers can also find local startup positions at these sites:

  • SimplyHired (162 startup jobs near Research Triangle Park, down 14 postings from last week)
  • LinkedIn (10,131 job openings that include “startup” in the Triangle region, down 403 jobs from last week but up 1,214 openings from a month ago)
  • Indeed (223 startup jobs in/near RTP, down 14 openings from last week and 33 from a month ago)
  • AngelList (49 job openings in Raleigh, 13 in Durham and 1 total across North Carolina
  • Durham-based job site InHerSight also lists jobs at local startups among other job postings (133 this week, up 10 openings from a week ago.) 

Here’s a look at local and regional job sites, listed in alphabetical order, below.

AMA Triangle

AMA Triangle, the fifth-largest chapter in American Marketing Association’s nationwide network, aims to be a go-to resource for all things marketing in the Triangle. The organization provides professional training, free career webinars and a job board offering free resume placement for marketing professionals.

As of Monday, the AMA Triangle job board shows 94 roles close to Raleigh (up from 84 roles posted last week), and another 86 roles, some of which overlap, close to Durham (up from 76 last week).

American Underground

Durham-based startup hub American Underground (Editor’s Note: American Underground is owned by Capitol Broadcasting Company, the parent company of WRAL TechWire) regularly posts job openings on its job board. Job seekers can filter their search by company, location and job function. As of Monday, the site shows 176  jobs at 53 companies.

Bio Jobs Hub

Last year, WRAL TechWire and the North Carolina Biotechnology Center launched a Bio Jobs Hub platform focused on biopharma manufacturing — one of North Carolina’s largest industries, employing over 26,000 people.

Typical biopharma jobs include process technicians, maintenance and/or instrumentation technicians, quality assurance and quality control associates, process development scientists and process engineers. This industry also offers competitive entry-level salaries, from $42,000 to $60,000. Scientists, skilled laborers and recent graduates can use the Bio Jobs Hub resource to find career and training opportunities in their area. Users can search by location, job category/activity and region.

Many biopharma companies are hiring in the Triangle.

Leadership Triangle

Leadership Triangle’s job board is full of job opportunities, including from small, mid-size, and large employers. The site lists 1,628 job openings at 30 companies.

NCBiotech

The North Carolina Biotechnology Center’s extensive jobs board lists open jobs and internships from local life science companies and research organizations. The organization recently updated the user interface with a fresh design. Job seekers can filter their search results by position title, job function and location. NCBiotech also touts jobs through its Bio Jobs Hub program.

The site lists 148 job openings as of Monday, up from 131 last week. (Editor’s Note: This list does not include openings posted by recruiting/staffing firms.)

NC TECH

The North Carolina Technology Association (NC TECH) has an interactive job board that you can use to find your next career opportunity. Users can search by keyword, location, category, type (full-time or part-time) and experience level.

Raleigh Founded

Raleigh Founded, a startup incubator and coworking space that is celebrating its 10th anniversary soon, has its own job board.  Job seekers can filter results by company, company size, industry and job function.  The site currently lists 57 positions as of Monday.

Triangle Region Job Board

Leadership Triangle, Raleigh Founded and American Underground teamed up to create the Triangle Region Job Board, which synthesizes all of the openings posted on the organizations’ job boards.

As of Monday, the site shows 2,874 job openings.  That’s up 112 openings from last week.

Work in the Triangle

Work in the Triangle, a Wake County Economic Development program, regularly shares new openings through its Twitter feed, @WorkTriangleNC. The program launched a job board on its website earlier this year, with 7,164 job openings on Monday.

Last week, there were 6,998 openings, while two weeks ago, there were 8,143 openings.

Still, of the current job openings, 5,415 are technology jobs (up from 5,280 job openings a week ago, but still down from 6,364 openings the prior week and 7,105 openings three weeks ago), 951 are advanced manufacturing positions (up one opening from a week ago), 372 are in cleantech (up from 354 openings last week) and 425 are in life sciences roles (up 12 openings from last week).

Every Tuesday, Work in the Triangle’s #TriangleTuesdays hashtag lists hot jobs in the area.  Scroll through the #TriangleTuesdays hashtag on Twitter today for more details on the latest openings.  

Triangle jobs at top local firms

We’ve expanded the list of Triangle employers for which we’ll regularly track job openings.  Any new addition in this week’s report has been indicated with an asterisk* as seen below in the latest update on job openings from the WRAL TechWire Jobs Report.

  • Amazon: 91 job openings in the Triangle, though some roles can be done remotely, according to the company’s career page.  Amazon is closing multiple North Carolina facilities, though a company spokesperson told WRAL TechWire that Amazon is not laying off any workers.  Workers at an Amazon facility in Garner continue efforts to unionize.
  • Apple (corporate roles): 70 job openings in the Triangle, according to the company’s career page, down 10 roles from a week ago.  The company announced the iPhone 14 and other products at an event produced earlier this month.
  • Bandwidth: 14 job openings in Raleigh, according to the company’s career page.  The company will require its employees to work in-person five days per week, WRAL TechWire reported this month.
  • BASF*: 45 job openings in the Triangle, according to the company’s career page
  • BlueCross BlueShield of North Carolina*: 52 job openings in the Triangle, according to the company’s career page
  • BD*: 28 job openings in the Triangle, according to the company’s career page
  • Cisco: 203 job openings in Research Triangle Park, according to the company’s career page, down 13 openings from a week ago
  • Citrix: 12 job openings in Raleigh, according to the company’s career page (up from 2 opening last week, but down from 25 openings earlier this summer)
  • Credit Suisse*: 113 job openings in the Triangle, according to the company’s career page
  • Duke Energy*: 13 job openings in the Triangle, according to the company’s career page
Eaton adding jobs in Triangle, including many to be based at revamped Raleigh office
  • Eaton*: 69 job openings in Raleigh, according to the company’s career page.  Earlier this year, the company announced plans to hire about 170 workers who will be based in the company’s revamped Raleigh office.
  • Eli Lilly: 34 job openings in Research Triangle Park, according to the company’s career page
  • Fidelity Investments: 570 job openings in Durham, according to the company’s career page, up 15 job openings from last week
  • FUJIFILM Diosynth Biotechnologies: 62 job openings in the Triangle, according to the company’s career page
  • Google: 202 job openings in Durham, according to the company’s career page, with one additional role at Google Fiber in Durham.  The company is making cuts in some areas of the company but is expected to continue to hire for the Durham engineering hub, WRAL TechWire reported earlier this month. 
  • Grifols*: 121 job openings in North Carolina, including in Durham and Clayton, according to the company’s career page
  • GlaxoSmithKline*: 118 job openings in Durham, according to the company’s career page
Google looks to fill 200+ jobs in Durham despite recent moves to slow hiring
  • IBM: 2 job opening in RTP, according to the company’s career page.  There’s been no change in recent weeks, though the company reported quarterly earnings in July and did say it would continue to hire in August.
  • IQVIA: 420 job openings in RTP, according to the company’s career page
  • Kyndryl: 80 job openings in RTP (down five openings from last week and down 15 openings from two weeks ago), according to the company’s career page
  • Labcorp: 260 job openings in Burlington, N.C. (down eight openings from last week), according to the company’s career page 
  • Lenovo: 307 job openings in Morrisville, according to the company’s career page, up 11 job openings from a week ago.
  • MetLife: 136 job openings in Cary, according to the company’s career page, up 10 openings from a week ago.  MetLife told WRAL TechWire recently that it planned to hire 400 workers by New Year’s Day.
  • Merck*: 17 job openings in the Triangle, according to the company’s career page
  • Microsoft: 21 job openings in Raleigh, according to the company’s career page
  • NetApp: 162 job openings in the Triangle, according to the company’s career page, down 21 job openings from a week ago. 
  • Novo Nordisk: 5 jobs in the Triangle, according to the company’s career page.  But more jobs could be coming to a Novo Nordisk location in Johnston County, WRAL TechWire reported earlier this month.
‘Hundreds’ of jobs, ‘millions’ in investment coming to Johnston County in deal with biotech giant
  • Novartis: 6 job openings in the Triangle, according to the company’s career page.  The company is closing a Wilson plant. 
  • Pendo: 7 job openings in Raleigh, according to the company’s career page.  The technology unicorn did announce there would be Pendo layoffs earlier this month with less than 5% of the company’s workforce, and less than two dozen employees in Raleigh affected.
  • Pfizer*: 105 job openings in North Carolina, according to the company’s career page
  • Red Hat: 23 job openings in Raleigh, according to the company’s career page.  Red Hat is owned by IBM.
  • RTI International: 120 job openings in Durham, according to the company’s career page.
  • SAS: 151 job openings in Cary (up 16 openings from last week), according to the company’s career page.
  • Science 37*: 20 job openings that could be based in Raleigh, though some roles are remote
  • Sensus (Xylem)*: 39 job openings in the Triangle, according to the company’s career page
  • Spectrum*: 40 job openings in the Triangle, according to the company’s career page
  • Syneos Health*: 4 job openings in Raleigh, according to the company’s career page
  • Toshiba Global Commerce: 64 openings in Durham, according to the company’s career page
  • Wolfspeed: 238 job openings in Durham, according to the company’s career page.  The company announced a $5 billion investment that is expected to bring some 1,800 jobs to the region earlier this month, as reported earlier this year by WRAL TechWire.
  • Worldwide Clinical Trials*: 56 job openings in North Carolina, according to the company’s careers page

Upcoming hiring events

  • NC State Engineering Career Fair: Sept. 20–21 (in-person and virtual) In this hybrid career fair, NC State engineering students can meet with employers seeking talent across a range of industries. This is a two-day event: The first day will be held in person, while the second will take place virtually via Career Fair Plus. More details here.
  • NC TECH Virtual Jobs Fair: Oct. 5 (online). The NC TECH Job Expo is primarily focused on candidates seeking tech-related jobs/careers and internships. Whether actively seeking a job or interested in learning more about the participating employers.
NC TECH Virtual Job Expo

Other resources to find Triangle job postings

If you’re a student looking for an internship or entry-level position at a local company or organization, your university has resources to help you get started. Quick links below:

For Johnston County job seekers: The recently launched JoCo Careers website helps job seekers find companies hiring in Johnston County. (More TechWire coverage here.) https://wraltechwire.com/2022/01/10/johnston-county-launches-new-jobs-platform-to-connect-workers-to-local-jobs/

Look for Triangle job postings on these Twitter accounts

Here are some locally run Twitter accounts that regularly share job openings in the Triangle:

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