Wednesday, November 7, 2012

The Best-Performing Jobs and Metros since the Recession – Salt Lake ranked #5

Which industries and locations are producing the most job growth post-recession? Which occupations are re-emerging after significant elimination of jobs during the recession? CareerBuilder and Economic Modeling Specialists (EMSI) answer these questions with a new study tracking labor trends in the U.S. The study uses EMSI’s rich labor market database, which pulls from over 90 national and state employment resources and includes detailed information on employees and self-employed workers.*

“Job creation in the U.S. is on an upward trajectory,” said Matt Ferguson, CEO of CareerBuilder. “While growth has been slower or stagnant in certain areas, there is a wide range of industries where the production of new jobs has accelerated. Markets tied to energy, production, technology, healthcare, transportation and consulting have increased employment 10 to 30 percent over the last few years.”

“There is a close correlation between the top locations for job growth and the concentration of fast-growing industries in those markets,” said Ferguson. “Technology hiring is a big contributor for growth in the Bay Area and Raleigh, while Texas cities, Oklahoma and Salt Lake are benefiting from strong oil and gas activity. The rebound in manufacturing helped to land Detroit in the top 10 while healthcare continues to thrive in Phoenix.”

*EMSI data is collected from more than 90 federal and state sources, such as the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and state labor departments. EMSI removes suppression often found in publicly available data and includes proprietors, creating a complete picture of the workforce.


5. Salt Lake City, Utah

Jobs added from 2010 through 2012: 34,137 (up five percent)

According to report released by CBRE Global Research and Consulting, Salt Lake City is one of the cities to watch in terms of future office market potential for the high-tech industry, which includes jobs in software development, data processing and Internet publishing, as well as in science, technology, engineering and mathematics.

Joel Kotkin at Forbes reported that the city has experienced a 7.6 percent growth in the past two years because of its "lower taxes, more flexible regulatory environment, a well-educated, multilingual workforce and spectacular nearby natural amenities."

Major tech companies in Salt Lake City include Adobe, Electronic Arts and Twitter.

Source: CareerBuilder and Economic Modeling Specialists (EMSI)

Economic Modeling Specialists Intl.