Each month the U.S. Bureau of Labor Statistics releases employment data at the Metropolitan Statistical Area (MSA) and Division level in both Seasonally Adjusted Annualized Rates (SAAR) and non-seasonally adjusted formats.
As I have written in the past:
Jobs are everything to an economy. Period. Over what interval the jobs are counted, however, can change the outcome of the winners and losers. In most circumstances, economists look at the change year-over-year and also sequentially from the prior month. These two growth ranks can often be very diverse. What was hot a year ago might be cold today — and vice versa. Things change – sometimes quickly.
The following table shows the 25 MSAs and Divisions with the greatest percentage increase in 12-month job growth rates as of July 2017. As noted in previous months, there are a large number of major university towns in this list.
In comparison, the following table lists 25 MSA-Divisions with the greatest percentage decline in jobs for the 12-months ending July 2017.
The next table lists the MSAs and Division that had the greatest total number of net new jobs in the latest 12-months. There are several duplications but not for the exact same geography. For example, the number 1 ranked is New York-Newark-Jersey City which includes some but not all of the number 2 New York-Jersey City-White Plains area, but both include number 5 New York City.
Following are the MSAs-Divisions that lost the largest number of jobs, but not exactly the greatest percentage of job losses.
Want to see the growth rates for all of the 401 markets? The attached PDF is sorted by state and MSA-Division.
Just like the stock market, prior performance does not guaranty future results.
If you have any questions or thoughts, reply back.
Jobs are everything. Period
Ted