Top Four Metros Unchanged in June’s Employment Report

by   Analytics Contributor
  Posted   August 9, 2017
  in   Demand Influencers ,   Employment Data

The employment picture continued to improve in June, with U.S. employers adding more than 2.2 million jobs in the year-ending June 2017. That figure grew the country’s job base 1.5%, according to preliminary data from the Bureau of Labor Statistics.

Among U.S. metropolitan areas, the top four job-gainers – New York, Atlanta, Dallas and Los Angeles – matched those of the year-ending May 2017 employment leaderboard, though Atlanta climbed one position to swap rankings with Dallas. Meanwhile, Minneapolis-St. Paul vaulted to #5 from #12, knocking Orlando to #11. Minneapolis-St. Paul’s greatest gains occurred in the Education/Health Services sector, which accounted for 29.3% of the metro’s nearly 65,000 new jobs for the 12-month period ending in June 2017. The sector has seen a boost in annual gains throughout 2017.

Boston, Phoenix and Houston remained in the #6 to #8 spots, while Riverside/San Bernardino improved one spot to #9. Washington, DC returned to the #10 slot from #14. Tampa dropped from #9 to #12.

Together, the total jobs created in the top 10 metros for the 12 months ending in June were up 18.6% from May’s annual total, and up 22.1% from the 12-month total for June 2016.

June 2017 Job Data

On the annual percent-change leaderboard, Gainesville and Sarasota/Bradenton soared from #5 and #7, respectively, to share the #1 spot with 4.4% annual growth. Gainesville added nearly 6,000 positions in the year-ending June 2017, while Sarasota/Bradenton added 12,900 for the same period.

At the same time, Orlando and Nashville, both previously ranked at #2, fell to #7 and #9, respectively. Actual gains in Nashville and Orlando, however, were in line with recent performance. With the shared exception of the Information industry, every sector within both markets experienced growth.

June 2017 Job Growth Data

Meanwhile, a handful of leaderboard newcomers – including Des Moines, Palm Bay and Las Vegas – pushed out Dallas, Ann Arbor and Boulder.

While growth in Dallas was on par with the year-ending May 2017 performance, Ann Arbor and Boulder registered notable slowdowns in hiring momentum. Ann Arbor saw only 1.4% growth for the period, while previously reigning Boulder logged growth of 1.8%. Boulder had registered growth near 5.0% in the year-ending May 2017, when the State Government Educational Services subsector experienced a spike in new positions.

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