Tampa Is 9th Fastest Growing City in Non-Farm Jobs

Published by nora | Filed under Buyer / Seller Tips, Economy

With a job growth rate of 1.7 percent from January 2011 to January 2012 in non-agricultural employment, Tampa was the ninth fastest growing city among cities with at least one million workers. This was announced by Lee McPheters, an Arizona State University professor who analyzed job growth data compiled by the U.S. Bureau of Labor Statistics.

As explained by McPheters, places in the Southeast typically perform well during big-growth periods mostly because of their pleasant climates and their strong performance in the construction and health care sectors.

The study found that the city of Houston posted the biggest growth rate, with 3.7 percent, and that the city of Atlanta followed with 3.1 percent. The other cities that posted growth rates of 1.9 percent to 2.5 percent were Denver, Dallas, Seattle, Cincinnati, and Phoenix. California’s city, Riverside, was eighth, posting almost the same growth rate as Tampa. Pittsburgh completes the Top 10 cities with the biggest non-farm job growth rates.

The national job growth rate for the January 2011 to January 2012 period was 1.5 percent, representing an addition of 1.986 million jobs nationwide.

Tampa was the only Florida city in the Top Ten list compiled by the ASU W.P. Carey School of Business. Other big cities in Florida, like Miami and Orlando, posted growth rates of 1.2 and 0.8 percent, respectively.

Here are the non-farm job growth rates of fast-growing metro areas in Florida from January 2011 to January 2012, including the total number of employees as of January 2012:

Large Metro Areas (with More than 1 Million Employees)

1.7%   1,132,100   Tampa-St. Petersburg-Clearwater
1.2%   2,228,100   Miami-Fort Lauderdale-Pompano Beach
0.8%   1,006,100  Orlando-Kissimmee-Sanford

Smaller Metro Areas (With More than 100,000 Workers)

4.1%    119,200   Naples-Marco Island
0.9%    588,700   Jacksonville
1.6%    204,700   Cape Coral-Fort Myers
1.4%    240,900   North Port-Bradenton-Sarasota
0.6%   153,800    Deltona-Daytona Beach-Ormond Beach
0.0%   169,100    Tallahassee
-0.8%  191,400    Palm Bay-Melbourne-Titusville
-0.9%  193,100    Lakeland-Winter Haven
-1.2%   118,900   Port St. Lucie
-1.8%   124,600   Gainesville
-2.1%   155,100   Pensacola-Ferry Pass-Brent

Over the same one-year period, Florida had a non-farm job growth rate of  one percent, resulting in a total of 7,271,000 employees statewide in January 2012.

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