Professional services in the Midwest – top 10 cities to get a job

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

In this post, we continue to explore the recent employment and wages data collected by the U.S. Census Bureau and the Bureau of Labor Statistics. Today we focus on the Midwestern states.

The Professional Services sector has shown the most outstanding growth in the recent years (as pictured on the graph below), adding almost half a million new jobs in the region in just four years. Nearly all of the new jobs have come as a result of businesses expansions – the total effect of establishment openings and closings is negligible.

The same pattern in employment dynamics can be observed in the next two sectors, Manufacturing and Education and Health Services. As a different example, the growth in the Leisure & Hospitality sector can be wholly attributed to openings of new businesses.

But let’s focus on the first sector on the list. Not surprisingly, the average payroll is greater in metropolitan areas. Here’s the map showing ten cities with the highest average salary for the jobs in the professional services sector, also indicating the change since 2010.

There are two technical notes about the map – first, we use the data not for the cities themselves, but for the corresponding Metropolitan Statistical Areas. Second, payroll data has been inflation-adjusted for direct comparison.

Chicago tops the list with a small increase in the average salary and pretty significant growth in the total employment numbers (7.4 percent). The next two cities paint entirely different pictures. A significant payroll increase has been registered in Minneapolis along with a modest job growth. In Detroit, the number of new jobs is much more substantial, but the average payroll has fallen sharply.

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About Andrey Kamenov

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

Andrey Kamenov is a data scientist working for Advameg Inc. His background includes teaching statistics, stochastic processes and financial mathematics in Moscow State University and working for a hedge fund. His academic interests range from statistical data analysis to optimal stopping theory. Andrey also enjoys his hobbies of photography, reading and powerlifting.

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One thought on “Professional services in the Midwest – top 10 cities to get a job”

  1. Niles, Mich? What’s that all about? Overflow from Chicago or South Bend? Niles is its own SMA?

    I live in Kalamazoo and am intrigued and job hunting

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