Dallas Business Journal - by G. Scott Thomas Buffalo Business Journal
Wednesday, July 28, 2010
Dallas-Fort Worth and the three other major Texas markets registered the nation’s strongest employment gains during the past five years, according to figures released Wednesday morning by the U.S. Bureau of Labor Statistics.
Dallas came in No. 2, with 71,300 private-sector jobs created between June 2005 and June 2010. It follows No. 1-ranked Houston, which gained 129,800 private-sector jobs. Austin came in third, with 56,100 new private-sector jobs; San Antonio ranked No. 4, with a gain of 32,600 private-sector jobs.
Los Angeles posted the nation’s sharpest decline since 2005, losing 376,400 private-sector positions. Other big drops were reported in Detroit (down 328,800 in five years), Chicago (down 253,000) and Miami-Fort Lauderdale (down 165,800).
Eighty-four major markets suffered declines in private-sector employment during the half-decade; only 16 finished on the upside.
The news was a bit better for the short term, with 24 markets enjoying increases between June 2009 and June 2010.
Austin had the biggest one-year gain, up 8,400 private-sector jobs. Dallas ranked third, with 4,800 private-sector jobs created between June 2009 and June 2010.
Houston, however, came in at a disappointing No. 95, with a loss of 31,300 jobs during the most recent year. Chicago had the biggest one-year drop, with a loss of 83,400 private-sector jobs.