Houston and Austin are the only Cities with Positive Job Growth Since 2007
The Bureau of Labor Statistics (BLS) recently published metropolitan job numbers for the month of August. Year-over-year San Jose now ranks number one in the country with employment up 3.3 percent, followed by Bakersfield (2.8%) and Houston (2.8%). The August job numbers also reveal 46 of the 60 (77%) metropolitan areas we track are now showing year-over-year gains in employment. A more current measure (3-month annualized growth), shows Stockton, Grand Rapids and Sacramento leading the country with employment growing at 10.3%, 7.3% and 6.2% respectively. This suggests Stockton and Grand Rapids are likely to remain in the top ten, and Sacramento should show improvement in coming months.
Also listed below is the change in employment since the end of 2007. The only two cities in the list to show job gains over this 44-month time period are Austin and Houston. Other metropolitan areas that are almost back to where they were at the end of 2007 are Pittsburgh, Oklahoma City, Boston, Omaha, New York and Washington, DC.