The Washington, D.C., area has a lot to crow about in the Bureau of Labor Statistics’ latest forecasts for job creation in the next ten years. The District, its Maryland suburb of Bethesda, and nearby Baltimore are among the ten cities with the highest-projected job growth by 2020, as shown by the graph above.
Atlantic Cities author
Southwestern metros now dominate the fastest-growth list, led by
Phoenix, Tucson, and El Paso. The slow-growth club is all Northeast and
Midwest, plus Los Angeles. Mild climate and low density mean that
southern metros like Greensboro, North Carolina and Columbia, South
Carolina, should grow faster than their unfavorable industry mix
suggests, so they’re off the bottom-10 list when all factors are
The map below shows that employment growth will be fastest in the
Southwest, Texas and parts of Florida and California. The South looks
more blue than before, while the Northeast and Midwest are pretty
solidly light and dark red. Turns out, metros with good climate, higher
education and lower density tend, on average, to have a more favorable
industry mix to begin with. But some metros blessed with industries that
are likely to grow – like New York and Boston – will be held back by
harsher weather and a higher cost of living. Other metros – like Phoenix
and Las Vegas – should grow fast despite having concentrations of
industries projected to grow more slowly.
Read the full story at The Atlantic Cities.
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