Life science jobs on the up and up in Raleigh-Durham
October 29, 2018
- In 2008, Raleigh-Durham’s life science labor force totaled 17,783. Ten years later, that number has grown to 20,625, an increase of nearly 3,000 jobs. By 2023, that number is expected to exceed 22,000.
- Between 2008 and 2018, Raleigh-Durham reported a 16.0 percent growth in its life science labor force, surpassing the growth of both the state and the nation. North Carolina’s life science labor force grew 10.7 percent and the United States' experienced an increase of 8.8 percent. In 2023, Raleigh-Durham’s life science labor force is expected to increase by 26.4 percent since 2008.
- Not only are these jobs rapidly growing in the Raleigh-Durham market, the region boasts a high concentration of life science occupations. Life, physical, and social science occupations have a location quotient of 2.09, meaning the concentration these jobs is more than twice that of the national average.
- Contributing to the region’s high concentration of life science jobs is the bounty of local colleges and universities located in the area. In addition to the over 27,000 graduates produced each year, Raleigh-Durham colleges and universities receive more than $2.6 billion in R&D funding.
Source: JLL Research, Emsi