Silicon Valley and Houston Drive U.S. Job Growth
Unemployment rates were lower in August than a year earlier in 262 of the 372 metropolitan areas, higher in 84 areas, and unchanged in 26 areas, the U.S. Bureau of Labor Statistics reported today.
Houston added 65,600 nonfarm jobs year-over-year, the biggest raw gain by any of the country’s 100 largest metropolitan areas. Following behind Houston in raw employment gains are New York City (+57,400 jobs) Boston (+50,600 jobs), and Dallas-Fort Worth (+ 50,200 jobs).
Atlanta suffered the biggest drop between August 2010 and August 2011, losing 30,800 jobs. Three other markets posted five-figure losses: Kansas City (- 12,600 jobs), Philadelphia (- 11,200 jobs) and Indianapolis (- 10,300 jobs)
Nonfarm Employment Increases (Large Metros) August 2010-2011
The largest over-the-year percentage increases in employment in these large metropolitan areas were in San Jose, Calif. (+3.4 percent), Houston (+2.6 percent), and Milwaukee (+2.5 percent).