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October 23, 2014

7 Booming Cities for Jobs

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7 Booming Cities for Jobs

Some parts of the country have seen significant job growth in the past year. Will their housing markets follow?

24/7 Wall St. identified metro areas with the greatest percentage gains in jobs over the past year. The study found the industries driving the most job growth recently are energy-related as well as housing and construction jobs.

The cities adding some of the most jobs are: 

  1. Naples-Marco Island, Fla.
    • Jobs percent change in the past year: 7.6%
    • Unemployment rate: 6.4%
  2. Sebastian-Vero Beach, Fla.
    • Jobs percent change: 6.7%
    • Unemployment rate: 8%
  3. Crestview-Fort Walton Beach-Destin, Fla.
    • Jobs percent change: 6%
    • Unemployment rate: 4.4%
  4. Midland, Texas
    • Jobs percent change: 5.2%
    • Unemployment rate: 3.1%
  5. Yuba City, Calif.
    • Jobs percent change: 4.8%
    • Unemployment rate: 12.4%
  6. Jonesboro, Ark.
    • Jobs percent change: 4.6%
    • Unemployment rate: 6.4%
  7. Odessa, Texas
    • Jobs percent change: 4.6%
    • Unemployment rate: 3.6%

On the other hand, Decatur, Ill., has seen the largest number of job losses in the past year. Decatur had a 4.3 percent decrease in employment in the past year, resulting in an unemployment rate of 11.7 percent. The city is losing jobs mostly due to a still-sluggish manufacturing sector. 

Source: “American Cities Adding (and Losing) the Most Jobs,” 24/7 Wall St. (Dec. 12, 2013)

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