Some cities are experiencing
economic recovery faster than others.
To find out which areas are
producing the most job growth after the recession, CareerBuilder
teamed up with the Economic Modeling Specialists (EMSI) to see where the top
markets are located.
“There is a close correlation
between the top locations for job growth and the concentration of fast-growing
industries in those markets,” said Matt Ferguson,
CEO of CareerBuilder, in the study released Wednesday.
“Technology hiring is a big
contributor for growth in the Bay Area and Raleigh and while Texas cities,
Oklahoma and Salt Lake are benefiting from strong oil and gas activity. The
rebound in manufacturing helped to land Detroit in the top ten while healthcare
continues to thrive in Phoenix.”
The study looked at jobs created in
the most most populous metros from 2010 to 2012.
10. Phoenix, Ariz.
Jobs added from 2010 through 2012: 81,606 (up 4 percent)
Before the recession, Arizona was the second fastest growing state for jobs, but it ended up cutting 300,000 positions during the financial crisis.
Since then, the state has re-emerged — "major companies like
Go Daddy, Intel and Blue Global are using the nation's high-tech momentum to generate quality, high paying Arizona jobs," wrote Adam Kress at The Phoenix Business Journal.
Furthermore, Phoenix has always been the nation's largest producer of
copper and as technology advances, the mining industry is producing
more high-wage jobs, said Joe Hart at The Arizona Republic.
The city continues to have a booming health care market.
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
Jobs added from 2010 through 2012: 84,014 (up 4 percent)
Since the beginning of 2012, tech jobs in San Francisco have grown by a third, according to new data released by San Francisco County Assessor-Recorder Phil Ting.
Colleen Taylor at TechCrunch wrote:
"It’s not an accident that San Francisco is seeing this boom. Politicians in the city, led by Mayor Ed Lee
,
have been actively courting techies to set up shop in the urban center,
rather than in the suburbs that have historically made up 'Silicon
Valley.' "
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
8. Dallas, Texas
Jobs added from 2010 through 2012: 128,644 (up 4 percent)
Joel Kotkin and Michael Shires at Forbes wrote that Texas has added around 200,000 "generally high-paying oil and gas jobs over the past decade."
The state also experienced the highest net migration —
868,292 people — from 2001 to 2010, which was nearly as much the net
migration in the entire country — 978,614 people — according to a study recently published by Northwood University.
“Texas is a very, very business-friendly state,” said Timothy G.
Nash, study director and vice president for strategic and corporate
alliances at Northwood University in Michigan. If you combine
pro-business regulations, no state income tax and an overall low cost of
doing business, “you get the economic engine that is Texas."
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
7. Raleigh, N.C.
Jobs added from 2010 through 2012: 24,725 (up 5 percent)
The capital city in the state will "continue to be a magnet for
high-tech and biotech job creation," according to a report issued by Kiplinger, a
publisher of business forecasts and personal finance advice.
The report said that the major companies expected to expand its workforces
are Duke University, the University of North Carolina, IBM, Cisco,
GlaxoSmithKline, Nortel, Verizon and Lenovo.
In the next five years, job growth in this area is projected to increase by
14 percent.
Source: CareerBuilder and Economic Modeling Specialists (EMSI)