5-Year Job Growth in Largest Metro Areas(MSA) (rates, places, Atlanta)

[Mutiny77]

Originally Posted by 18Montclair

From bls.gov

Metro Areas(MSA) with a Population of 1 Million+ by Non-Farm Job Growth from Seotember 2014 through September 2019
+716,800 New York +7.78%
+527,600 Los Angeles +9.25%
+508,700 Dallas +15.38%
+331,400 San Francisco +15.20%
+331,300 Atlanta +13.14%
+318,300 Phoenix +17.15%
+299,700 Miami +12.33%
+275,100 Chicago +6.05%
+273,900 Seattle +14.79%
+244,400 Riverside +18.89%

+230,000 Orlando +20.65%
+227,400 Washington DC +7.30%
+214,300 Houston +7.24%
+199,500 Boston +7.63%
+193,800 Philadelphia +6.95%
+169,600 Tampa +13.99%
+169,100 Denver +12.40%
+168,100 San Diego +12.48%
+167,200 Charlotte +15.59%
+165,100 Austin +17.79%

+147,200 Las Vegas +16.48%
+145,100 San Jose +14.30%
+140,100 Portland +12.92%
+133,900 Nashville +15.01%
+133,500 Detroit +7.01%
+127,300 Sacramento +14.27%
+126,800 San Antonio +13.20%
+109,900 Minneapolis +5.76%
+98,800 Salt Lake City +15.02%
+98,400 Jacksonville +15.75%

+94,500 Columbus +9.21%
+92,500 Kansas City +9.00%
+90,700 Cincinnati +8.61%
+86,500 Raleigh +15.31%
+88,200 St Louis +6.63%
+87,500 Indianapolis +8.72%
+83,200 Baltimore +6.15%
+50,700 Fresno +16.02%
+49,200 Grand Rapids +9.50%
+45,100 Cleveland +4.33%

+42,900 Richmond +7.75%
+41,000 Memphis +6.63%
+34,300 Oklahoma City +5.47%
+33,700 Virginia Beach +4.42%
+30,000 Birmingham +5.78%
+29,500 Milwaukee +3.46%
+28,400 Providence +4.93%
+27,000 Pittsburgh +2.31%
+25,600 Tucson +6.99%
+22,500 New Orleans +3.98%

+21,300 Rochester +4.06%
+17,100 Buffalo +3.08%
+14,900 Tulsa +3.37%

Thanks for taking the time to compile this list. Do you happen to have a link that would show the numbers for MSAs 500K-1M?

[ckhthankgod]

Originally Posted by march2

The reason many have a hard time understanding is most STILL don't understand that "wealth" isn't just high average annual income. It gives a very false impression as to how the average citizen lives. Buying Power (average annual income VS. cost of living) is the most accurate means of measuring. NYC, DC, and Boston have horrible Buying Power. $80k/per year in Charlotte or Atlanta will get you WAY more than in NYC or Boston. You can live better on less. Too, job growth as a percentage of a job market is the truest measure of strength, not raw numbers. So these stats are on point in terms of how economics works in the real world.

Just to touch on this, here is the latest information in regards to Average Annual Wage for all metros and even non metros in all states: https://www.bls.gov/oes/current/oessrcma.htm

Now this is the Regional Price Parities sources, which gives an idea in regards to cost of living: https://www.bea.gov/data/prices-infl...and-metro-area
Scroll down to Interactive data and click on it and then Regional Price Parities. Then, scroll to Regional Price Parities and then click on the MSA circle. You can then pick information for a certain metro area or for areas for the whole country.)

Also, here is an interesting article that shows how certain jobs may actually may more in a lower COL area than a high COL area: https://www.bizjournals.com/buffalo/..._news_headline

So, as mentioned, the type of position may yield better results in terms of pay depending on the location.

This is just general information, btw.

[Gaylord_Focker]

Maybe California’s demise is not as imminent as we thought

[18Montclair]

Here's the Top 15 MSAs back to the beginning of this decade.

Sep 2010-Sep 2019 MSA Job Growth:
+1,342,700 New York +15.65%
+956,000 Los Angeles +18.13%
+881,100 Dallas +30.02%
+597,900 Houston +23.22%
+581,900 San Francisco +30.15%
+578,400 Atlanta +25.44%
+551,600 Chicago +13.22%
+548,000 Miami +25.12%
+492,100 Phoenix +29.26%
+449,200 Seattle +26.80%
+397,800 Riverside +34.89%
+376,900 Boston +15.48%
+354,200 Washington DC +11.86%

[Heel82]

Originally Posted by Gaylord_Focker

Maybe California’s demise is not as imminent as we thought

I would imagine much of Riverside’s growth is coming from LA (Los Angeles) not LA (Louisiana).

[Gaylord_Focker]

Originally Posted by Heel82

I would imagine much of Riverside’s growth is coming from LA (Los Angeles) not LA (Louisiana).

Yep but looks like LA grew as well.

[isawooty]

Originally Posted by 18Montclair

Here's the Top 15 MSAs back to the beginning of this decade.

Sep 2010-Sep 2019 MSA Job Growth:
+1,342,700 New York +15.65%
+956,000 Los Angeles +18.13%
+881,100 Dallas +30.02%
+597,900 Houston +23.22%
+581,900 San Francisco +30.15%
+578,400 Atlanta +25.44%
+551,600 Chicago +13.22%
+548,000 Miami +25.12%
+492,100 Phoenix +29.26%
+449,200 Seattle +26.80%
+397,800 Riverside +34.89%
+376,900 Boston +15.48%
+354,200 Washington DC +11.86%

Dallas is crushing it this decade. Of all these numbers I’m most impressed by it.

[18Montclair]

I'll finish this soon...

CSA by Job Growth Sep 2010-Sep 2019:
+1,387,800 LOS ANGELES +20.75%
+1,051,500 SAN FRANCISCO +28.81%
+887,800 DALLAS +29.82%

[Heel82]

Originally Posted by 18Montclair

Here's the Top 15 MSAs back to the beginning of this decade.

Sep 2010-Sep 2019 MSA Job Growth:
+1,342,700 New York +15.65%
+956,000 Los Angeles +18.13%
+881,100 Dallas +30.02%
+597,900 Houston +23.22%
+581,900 San Francisco +30.15%
+578,400 Atlanta +25.44%
+551,600 Chicago +13.22%
+548,000 Miami +25.12%
+492,100 Phoenix +29.26%
+449,200 Seattle +26.80%
+397,800 Riverside +34.89%
+376,900 Boston +15.48%
+354,200 Washington DC +11.86%

Now this kinda stumped me, DC being at the bottom for growth. But as this goes back to the Recession, perhaps it’s just highlighting the fact that government jobs kept DC from hitting the same rock bottom the rest of the country hit.

[ClevelandBrown]

18Montclair, great work as always when you compile these figures. Like I did with GDP growth earlier this year, I'll add a layer to your work and weight job growth vs. Population growth, because job numbers in a vacuum don't really tell the whole story. What good is 100,000 jobs if 150,000 additional people move in? Vice versa, is Pittsburgh really that bad off with only 27,000 new jobs created when it's population is down 31,000 in that same time period? To me, it shows just the opposite.

Metro/population change/job change/difference

1. New York: -113,406/716,800/830,206
2. Los Angeles: 29,266/527,600/498,334
3. Chicago: -55,882/275,100/330,982
4. San Francisco: 135,424/331,400/195,976
5. Philadelphia: 45,202/193,800/148,598
6. Detroit: 29,831/133,500/103,669
7. San Jose: 46,235/145,100/98,865
8. St. Louis: -742/88,200/88,942
9. San Diego: 79,933/168,100/88,167
10. Baltimore: 16,915/83,200/66,285

11. Riverside: 180,471/244,400/63,929
12. Pittsburgh: -31,225/27,000/58,225
13. Boston: 143,229/199,500/56,271
14. Cleveland: -6,589/45,100/51,689
15. Cincinnati: 40,760/90,700/49,940
16. Rochester: -12,311/21,300/33,611
17. Memphis: 7,390/41,000/33,610
18. Miami: 268,963/299,700/30,737
19. Salt Lake City: 69,200/98,800/29,600
20. Sacramento: 100,813/127,300/26,487

21. Milwaukee: 3,868/29,500/25,632
22. Buffalo: -6,208/17,100/23,308
23. Fresno: 28,426/50,700/22,274
24. Birmingham: 8,029/30,000/21,971
25. Kansas City: 72,518/92,500/19,982
26. Providence: 11,970/28,400/16,430
27. Washington D.C.: 216,213/227,400/11,187
28. Indianapolis: 77,429/87,500/10,071
29. Portland: 130,563/140,100/9,537
30. Grand Rapids: 41,702/49,200/7,498

31. Seattle: 267,885/273,900/6,015
32. New Orleans: 18,550/22,500/3,950

33. Richmond: 46,143/42,900/-3,243
34. Atlanta: 335,628/331,300/-4,328
35. Nashville: 138,312/133,900/-4,412
36. Tucson: 34,557/25,600/-8,957
37. Denver: 178,157/169,100/-9,057
38. Tulsa: 24,573/14,900/-9,673
39. Las Vegas: 161,966/147,200/-14,766
40. Columbus: 112,005/94,900/-17,105
41. Jacksonville: 115,574/98,400/-17,174
42. Orlando: 251,544/230,000/-21,544

43. Charlotte: 188,899/167,200/-21,699
44. Minneapolis: 134,014/109,900/-24,114
45. Oklahoma City: 59,678/34,300/-25,378
46. Raleigh: 119,566/86,500/-33,066
47. Phoenix: 368,853/318,300/-50,553
48. Tampa: 227,081/169,600/-57,481
49. Austin: 225,017/165,100/-59,917
50. San Antonio: 189,384/126,800/-62,584
51. Dallas: 585,381/508,700/-76,681
52. Houston: 507,204/214,300/-292,904

* No Louisville since its numbers weren't posted. (It's population grew by 27,599 so if the job numbers are posted, I can slot it in).

This paints a little different picture for sure. Some thoughts:

1. NY/LA/SF: All are huge job creators but I think they are running into an issue of affordability. It's great at the top, but I'm guessing a glut of these excess jobs available are lower paying that nobody can take because it is below the standard of living.

2. The Rust Belt: People have been trying to kick dirt on the Rust Belt's grave for 50-plus years. It's the easy target. But the cities that saw huge declines in population/jobs are now starting to create new jobs at a faster rate than people moving in. Chicago/Philadelphia/Detroit/St. Louis/Pittsburgh/Baltimore/Cleveland/Cincinnati all look a lot better once you weigh in the population factor. All these cities have big city amenities and low cost of living.

3. California: A lot of people have predicted the state will fall off, but it's actually the opposite. The state continues to create jobs at a faster clip than the rest of the country and it's creating jobs at a faster rate, like the Rust Belt, than people moving in. Yes, LA and SF have affordability issues, but the state seems to being doing fine.

4. Texas: The state has been a darling because of its huge population growth in all its metros. But is the growth sustainable? From this, I don't see how it is. If these trends continue, the state will eventually see a huge strain on its social services when there are millions of people moving in who are unable to find a job (see the decline of the Rust Belt 50-60 years ago).

5. The Sun Belt growth cities: Doing a little better than Texas, but lets face it, for the most part people are like herds of cattle and just follow the crowd thinking the grass is going to be greener. Again, if these trends accelerate, there will be a tipping point eventually.

6. Columbus/Minneapolis: See the Sun Belt.