Jobs are everything. Period.
As history continues to demonstrate, job growth at any point in time is neither systemic nor consistent across the country. The TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market – is once again invoked to comparative job growth for the Metropolitan Statistical Areas (MSAs) and Divisions across the U.S.
The following table shows the 45 MSAs and divisions with the best job growth rates for the 12-months ending November 2019. All data were taken from the U.S. Bureau of Labor Statistics using seasonally adjusted numbers.
The next table lists the 45 MSAs with the worst job growth in the prior 12 months. Out of 436 total MSAs and Divisions, 61 posted a drop of at least 100 jobs year-over-year, nine were flat and 366 had net gains.
The next table shows the 45 MSAs creating the most net-new jobs in the prior 12-months. There are subset duplications within these ranks. The Dallas-Plano-Irving Metro Division is a subset of the larger Dallas-Ft worth-Arlington MSA, for example.
Click here for a PDF sorted alphabetically by state for all MSAs and Divisions. In addition to the total number of jobs, net new jobs in the prior 12-months and 12-month job growth rate, also included are job growth rates for the past two-year, five-year and 10-year intervals.
To view employment and related data series from the U.S. Bureau of Labor Statistics, click https://www.bls.gov/data/
Jobs are everything when it comes to creating effective demand for real estate.