August 27, 2013 5:54 pm
One of the major drivers behind people relocating is to pursue or improve their employment situation. So why not target your relocation to where the biggest pockets of job growth are occurring, and avoid areas where job growth is stagnant or retracting.
The Bureau of Labor Statistics (BLS) recently released its July metro area employment data and the results were on par with the month prior, as 42 of 52 metros saw payrolls rise in July. Zooming out, the picture gets more encouraging, as just five metros have seen employment fall over the last three months while only two remain flat; there are only five metros with lower payrolls than six months ago and only Cleveland has seen employment fall from a year ago.
Here are some details from that report, courtesy of The Hoyt Organization out of Orange County, CA:
- Minneapolis continued leading the Midwest region in July, and leads all metros in employment growth over the past three months. The metro added 13,700 jobs in July and ranks third among metros in growth over the past six months. Minneapolis employment is also up, with growth accelerating 5.2 percent over the past three months.
- The DC area shed 300 jobs in July, and is now one of very few metro areas showing longer-term declines as well. Suburban Maryland has was one of just ten major metros that contracted payrolls in July, losing 600 jobs on a seasonally adjusted basis. Meanwhile, Northern Virginia has seen jobs grow in five of the past six months, adding 400 jobs most recently in July.
- Portland has been posting impressive job gains recently, topping the six-month growth chart among major metro areas and adding 4,000 jobs in July, and more than 4,000 jobs or more in each month since May. Portland has also seen payrolls grow 2.4 percent over the past year.
- While most of the other long-struggling metros have gained traction on their road to recovery, Cleveland lags behind. Cleveland’s economy has shed jobs in four of the past five months and it is the only major metro still reporting employment declines from a year ago.