North Dakota, California, Texas and Florida did effectively in job development in 2013 whilst Arkansas and Pennsylvania lagged and West Virginia was the only state to shed jobs.
Overall, 12 states showed job development of at least 2 % last yr, in accordance to Lee McPheters, study professor at the W. P. Carey School of Enterprise at Arizona State University who gives rankings and evaluation of the winners and losers based mostly on the most current figures from the U.S. Bureau of Labor Statistics.
General, the task-growth rate for the United States in 2013 was an enhance of one.7 %, the identical speed as in 2012. The amount of jobs extra nationwide last 12 months was 2.26 million.
McPheters has now released final, revised numbers on state and city work development for the 12 months 2013 as a complete are out.
Leading 10 states for non-agricultural job development, comparing 2013 to 2012:
one. North Dakota – up 3.6 percent
2. Utah – up 3.2 %
3. California – up 3 %
4. Colorado – up 2.9 % (tie)
Texas – up 2.9 %
6. Nevada – up 2.6 %
6. Idaho – up 2.6 %
8. Florida – up 2.5 percent
9. Washington – up 2.2 %
10. Arizona – up 2.one percent
On the state list, North Dakota continues to dominate, getting ranked No. 1 for multiple years in a row, largely thanks to its oil and gas production, in accordance to McPheters. Even so, a complete of 12 states showed task growth of at least 2 percent last yr.
“Several newcomers manufactured the Top 10 work-development states record this time,” stated McPheters, director of the JPMorgan Chase Financial Outlook Center at the W. P. Carey School of Business. “Nevada, Idaho, Florida and Washington all hadn’t made the Leading 10 in 2012. Nevada, in particular, is lastly demonstrating a excellent rebound, cracking the Best 10 for the 1st time because the recession and taking the most significant leap up from No. 19 to No. 6. It led all states in the charge of new development-occupation growth, with a gain of practically 10 %.”
The bottom 10 states for 2013 are South Dakota, Virginia, Maine, New Mexico, Vermont, Wyoming, Alaska, Pennsylvania, Arkansas and West Virginia. The only state that truly lost jobs was West Virginia at No. 50. Mining employment there fell by 5 %, and the state also had losses in development and manufacturing, in accordance to the researcher.
McPheters explained there is substantial interest in state financial efficiency right now since 31 governors are up for reelection, such as individuals in Top-10 states California, Nevada, Idaho and Florida. Incumbents are also eligible for reelection in 7 of the bottom 10 states: South Dakota, Maine, New Mexico, Vermont, Wyoming, Alaska and Pennsylvania.
Prime 10+ cities and surrounding metro locations (one million or more workers) for non-agricultural work development, evaluating 2013 to 2012:
one. Riverside, Calif. – up 4 %
2. San Francisco – up 3.9 percent
3. Denver – up 3.6 percent
4. Houston – up 3.5 %
5. Orlando, Fla. – up 3.2 percent
6. Seattle – up 2.8 %
6. Phoenix – up 2.7 percent
7 Dallas – up 2.6 percent (4-way tie)
Los Angeles – up 2.6 %
Miami – up 2.6 %
San Diego – up 2.6 %
On the Best 10 cities list, specific states have a number of winners.
“California is nicely-represented between the quickest-developing major metro labor markets with 4 cities, such as Riverside and San Francisco in the best 2 spots,” mentioned McPheters. “Florida and Texas each have 2 large metro areas in the Leading 8.”
5 massive metro areas accomplished work development of at least 3 percent: Riverside, Calif. San Francisco Denver Houston and Orlando, Fla. McPheters said the Riverside area was a single of the most dynamic in 2013, foremost all metro regions in the job-growth fee for construction, wholesale trade, warehousing and health care.
McPheters explained the biggest shock could be what drove 2013 development in the No. 7 Phoenix location, which was hit very tough by the economic downturn. Phoenix led all huge metro areas in details-sector and finance occupation-growth charges. In fact, Phoenix created the exact same variety of info jobs in 2013 as the San Francisco location (2,000). Phoenix was also first nationwide in the 2 the growth-charge percentage (5.6 percent) and absolute amount of finance jobs extra (8,400).
“Metro Phoenix financial-advancement efforts look to be having to pay off, given that both of these industries spend nationally aggressive salaries and attract college-educated workers,” explained McPheters. “This growth is happening in Phoenix a lot more swiftly than anyplace else.”
The bottom cities for job development in 2013 were Pittsburgh, Philadelphia, St. Louis and Cleveland, which all additional significantly less than one percent. Pittsburgh took final location.
The full 50-state ranking and other job-growth data from McPheters can be identified at the W. P. Carey School of Company “Job Growth USA web site: www.wpcarey.asu.edu/jobgrowth. (Essential: For the annual numbers, select “Total Nonfarm,” “12-Month Moving Avg.,” “December” and “2013.”)
Supply: Arizona State University W.P. Carey College of Company