Post-recession job rankings rule in favor of Texas and Pittsburgh
Source: The Business Journals
Post-recession job rankings have ruled in favor of both Texas and Pittsburgh. The Business Journals recently reported Pittsburgh has added 10,500 private-sector jobs since early 2008, putting it with Houston (up 49,500) and Austin (up 29,600) in the exclusive club of major markets with four-year gains of 10,000 jobs or more.
“These statistics prove what we already know, Pittsburgh is a phenomenal place to conduct business,” said Patrick Sentner SIOR, Founding Principal at Colliers International | Pittsburgh.
“Certainly this type of job growth, along with continued growth in real GDP, and increases in corporate profits, will drive the U.S. recovery from the 2008 financial disasters,” added Gregg Broujos, Managing Director and Founding Principal at Colliers International | Pittsburgh.
Increases of any kind have been difficult to eke out since 2008, reports The Business Journal. Just seven of the nation’s 100 biggest metros have added private-sector jobs during that four-year span, as shown by an On Numbers analysis of U.S. Bureau of Labor Statistics data for February 2008 (two months after the official beginning of the recession) and February 2012.
Texas has enjoyed the healthiest post-recession economy of any state, as the metro job standings indicate. Five of the six fastest-growing markets are in that state.
The exception is Pittsburgh, which weathered the economic downturn with surprising resilience. A separate On Numbers study earlier this month determined that Pittsburgh offers the best climate for small busnesses in the East.
Posted on April 26, 2012, in Economy and tagged employment, On Numbers, Post-recession, US Bureau of Labor Statistics. Bookmark the permalink. Comments Off on Post-recession job rankings rule in favor of Texas and Pittsburgh.