The San Francisco-San Mateo-Redwood City metropolitan division is the top-ranked large metro area for job growth in the United States, according to ‘The Best Cities for Jobs 2013’ list released by Forbes.
Employment in the San Francisco area expanded 4.1 percent over the last year and is up 3.3 percent since 2008, Forbes reports. The recent job growth in the San Francisco area is primarily occurring in the information sector, which has expanded 21.3 percent since 2009.
However, the San Francisco area has only 0.6 percent more jobs than in 2001 when the collapse of the last dot-com bubble created deep damage to the job market.
Elsewhere in California, the San Jose-Sunnyvale-Santa Clara metropolitan division is No. 7 on the best big city for jobs list. Better known as “Silicon Valley,” the area experienced 3.4 percent job growth last year, 2.3 percent growth since 2008, and 25 percent growth in information jobs since 2007.
Like the San Francisco area, however, Silicon Valley is still rebounding from the dot-com bust of a decade ago and is still down almost 40,000 jobs from 2001 figures.
For the list of best big cities for jobs, Forbes ranked the 66 metropolitan statistical areas (MSAs) that had more than 450,000 jobs based on employment data from the Bureau of Labor Statistics from November 2001 through January 2013. For a detailed description of the Forbes methodology, visit http://www.forbes.com/sites/joelkotkin/2013/05/06/methodology-for-2013-best-cities-for-jobs-list/.
The best big cities for jobs in 2013 according to Forbes:
- San Francisco-San Mateo-Redwood City, CA Metropolitan Division (2012 Employment Growth: 4.1 percent)
- Nashville-Davidson-Murfreesboro-Franklin, TN (2012 Employment Growth: 3.8 percent)
- Salt Lake City, UT (2012 Employment Growth: 4.0 percent)
- Fort Worth-Arlington, TX Metropolitan Division (2012 Employment Growth: 3.8 percent)
- Houston-Sugar Land-Baytown, TX (2012 Employment Growth: 2.0 percent)
- Dallas-Plano-Irving, TX Metropolitan Division (2012 Employment Growth: 3.5 percent)
- San Jose-Sunnyvale-Santa Clara, CA (2012 Employment Growth: 3.4 percent)
- Charlotte-Gastonia-Rock Hill, NC-SC (2012 Employment Growth: 3.3 percent)
- Denver-Aurora-Broomfield, CO (2012 Employment Growth: 2.8 percent)
- Austin-Round Rock-San Marcos, TX (2012 Employment Growth: 3.7 percent)
The rankings by Forbes are based on short, medium, and long-term employment performance. The rankings also take into account both growth trends and momentum as well as whether growth is slowing or accelerating. ‘The Best Cities For Jobs 2013’ list by Forbes is available at http://www.forbes.com/sites/joelkotkin/2013/05/06/americas-best-cities-for-jobs-2013/.