Some cities are experiencing economic recovery faster than others.
To find out which areas are producing the most job growth after the recession, CareerBuilder teamed up with the Economic Modeling Specialists (EMSI) to see where the top markets are located.
“There is a close correlation between the top locations for job growth and the concentration of fast-growing industries in those markets,” said Matt Ferguson, CEO of CareerBuilder, in the study released Wednesday.
“Technology hiring is a big contributor for growth in the Bay Area and Raleigh and 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 ten while healthcare continues to thrive in Phoenix.”
The study looked at jobs created in the most most populous metros from 2010 to 2012.
10. Phoenix, Ariz.
Jobs added from 2010 through 2012: 81,606 (up 4 percent)
Before the recession, Arizona was the second fastest growing state for jobs, but it ended up cutting 300,000 positions during the financial crisis.
Since then, the state has re-emerged — "major companies like Go Daddy, Intel and Blue Global are using the nation's high-tech momentum to generate quality, high paying Arizona jobs," wrote Adam Kress at The Phoenix Business Journal.
Furthermore, Phoenix has always been the nation's largest producer of copper and as technology advances, the mining industry is producing more high-wage jobs, said Joe Hart at The Arizona Republic.
The city continues to have a booming health care market.
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
9. San Francisco, Calif.
Jobs added from 2010 through 2012: 84,014 (up 4 percent)
Since the beginning of 2012, tech jobs in San Francisco have grown by a third, according to new data released by San Francisco County Assessor-Recorder Phil Ting.
Colleen Taylor at TechCrunch wrote:
"It’s not an accident that San Francisco is seeing this boom. Politicians in the city, led by Mayor Ed Lee, have been actively courting techies to set up shop in the urban center, rather than in the suburbs that have historically made up 'Silicon Valley.' "
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
8. Dallas, Texas
Jobs added from 2010 through 2012: 128,644 (up 4 percent)
Joel Kotkin and Michael Shires at Forbes wrote that Texas has added around 200,000 "generally high-paying oil and gas jobs over the past decade."
The state also experienced the highest net migration — 868,292 people — from 2001 to 2010, which was nearly as much the net migration in the entire country — 978,614 people — according to a study recently published by Northwood University.
“Texas is a very, very business-friendly state,” said Timothy G. Nash, study director and vice president for strategic and corporate alliances at Northwood University in Michigan. If you combine pro-business regulations, no state income tax and an overall low cost of doing business, “you get the economic engine that is Texas."
Source: CareerBuilder and Economic Modeling Specialists (EMSI)
See the rest of the story at Business Insider