Wednesday, June 3, 2015

MSA Jobs - Seattle, San Francisco, and Dallas Lead the Way

Highlights from this morning's MSA jobs report:

Houston continues to see a major slowdown in growth due to oil prices.   Two years ago, it was adding jobs at a rate of 110,000 annually, 3rd in the country after New York and LA, and at a rapid 4+% growth rate.   Now it's under 3%, and is adding jobs more slowly than Detroit, which now leads the Midwest on a percentage basis, and almost on an absolute basis, which could be due to Michigan's passage of right-to-work labor laws.

DC's come back from the dead, and has surpassed the other I-95 markets in the Northeast, but technology continues to lead the way, with the Bay Area topping 4% and Seattle at 3.9%. 





Metro Area
Total Jobs
Jobs Added Last 12 Months
% Growth Last 12
1
NY Tri-State
9,227.2
135.9
1.5
2
LA/Orange/Inland Empire
7,185.6
212.3
3.1
3
Chicago
4,530.0
60.2
1.3
4
Dallas
3,370.5
125.8
3.9
5
SF Bay Area
3,294.6
123.1
4.2
6
DC
3,167.0
65.6
2.1
7
Houston
2,972.7
69.1
2.4
8
Philly
2,815.8
31.6
1.1
9
 Boston
2,621.7
44.3
1.7
10
Atlanta
2,566.3
83.2
3.4
11
Miami
2,503.8
82.8
3.4
12
Detroit
1,926.3
52.4
2.8
13
Minneapolis
1,912.9
34.6
1.8
14
Phoenix
1,906.6
51.3
2.8
15
Seattle
1,887.1
70.3
3.9

Total Top 15 Metros
51,888.1
1,242.5
2.4%

Total U.S.
141,367.0
2,982.0
2.1%