Economic and Community Development
Employment Growth Snapshot
Garner Economics this week released a report digging in to the jobs picture for 372 regional economies in the United States. As you’d expect, the finding are a mixed bag.
First, the good news: employment figures are up in 80% of U.S. metro regions in Q1 2013 compared with Q1 2012. The majority of regions are adding jobs year over year and that’s an unequivocally good thing.
Compare current employment averages with pre-recession figures and the picture is less rosy. Employment is still below Q1 2008 levels in roughly 70% of U.S. regions. Many are within 2-3 percentage points of pre-recession employment levels, only a handful are still 10-15% down.
Of the 102 regions that have exceeded pre-recession job levels and continue to grow, most of the strongest performers share a significant energy sector presence. Midland and Odessa, Texas lead the pack with 21.8% and 20.3% job growth since Q1 2008 respectively.