Phoenix Makes Top 10 For Job Growth

Strong labor markets in eleven metropolitan areas accounted for one out of every three jobs created in the nation during the past 12 months. U.S. employment in July was up by 1.3 million jobs compared to last year, and 452,000 of these were contributed by eleven metros with 20,000 or more new jobs. According to an article by Lee McPheters, W.P.Carey School of Business.

The major growth areas represented most regions of the country, according to payroll employment figures from the U.S. Bureau of Labor Statistics released August 19 (data are not seasonally adjusted).

The greater New York City area (including Northern New Jersey and Long Island) added the largest number of jobs (71,700), followed by Dallas and Houston, each with just over 65,000 new jobs. Boston was in fourth place with 60,100 jobs, and Chicago was fifth, with 33,200.

The next six job gainers included Seattle (32,800), San Jose (29,600), Los Angeles (29,400), Phoenix (22,300), Miami (22,000), and San Diego (20,100).

The most rapid growth rate among the top ten metros was the Silicon Valley area of San Jose (including Sunnyvale and Santa Clara), with an employment increase of 3.5 percent in July, compared to July of 2010.

Job gains were recorded in some two-thirds (232) of all 372 metropolitan areas with employment figures reported by the U.S. Bureau of Labor Statistics. There were 232 areas adding jobs, while the remaining 140 reported zero growth or outright job losses.

The most job losses in any metro area over the 12 month period ending in July were found in Atlanta (-28,200). The Atlanta area has lost jobs over-the-year each month in 2011.

To read more click here.