CHICAGO — Detroit ranked No. 9 on a list released by the Chicago-based job website CareerBuilder.com for job growth since 2010 at a pace that was faster than the national average.
The list was prepared by CareerBuilder and and its subsidiary, Economic Modeling Specialists International, using an analysis called shift share, which attempts to determine how much of regional job growth can be attributed to national trends and how much is due to unique regional factors.
The Detroit “metropolitan statistical area” — which includes Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne counties — added 125,330 jobs from 2010 to 2013, well above the 89,148 jobs that could have been expected to be added in the MSA based on national job growth.
Not surprisingly, CareerBuilder reported that Michigan’s legacy industry — the automobile — provided a big part of the push, along with engineering services and temporary help services that are linked to it.
Houston, Texas was No. 1 on the list, with 250,607 jobs added from 2010 to 2013, vs. the 142,378 that could have been expected to be added based on national job growth.
Dallas, Texas was No. 2 on the list, followed by San Francisco, Calif., Los Angeles, Calif., Austin, Texas, Phoenix, Ariz., Miami, Fla., San Jose, Calif., Detroit and Riverside, Calif.
Regions hurt by job creation underperformance in some industries since 2010 included New York City (job losses in stock brokerage and pharmaceutical manufacturing, among others), Chicago (job losses in some forms of manufacturing, government, hospitals and insurance carriers) and Philadelphia (job creation underperformance in education, commercial banking and manufacturing).
“The metros producing the strongest competitive effect are often heavily dominated by specialized technical industries with well-established local supply chains,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “The overall job growth in these markets is not primarily a product of national economic trends, but rather distinct factors in the local economy such as energy resources in Houston, technology hubs in Silicon Valley and Austin, or the motion picture industry in Los Angeles. Thirty-two of the top 50 metros have outperformed national employment growth post-recession which, in turn, can have a positive influence on other geographies.”
The analysis used EMSI’s labor market database, which pulls from over 90 national and state employment resources and includes detailed information on employees and self-employed workers.
More at www.economicmodeling.com or www.careerbuilder.com.