WHERE THE JOBS WILL AND WILL NOT BE FOUND
- TEXAS – Population growth and steady home prices will set the stage for new jobs.
- WEST – Job gains will seem robust partly because the losses were so severe during the recession.
- NORTHEAST – Finance employment has not fallen as much as was feared, so there are fewer jobs to add back.
- RUST BELT – Manufacturing continues to decline. Green tech is looked to as a savior.
NUMBER OF UNEMPLOYED PEOPLE PER JOB OPENING IN INDUSTRY
- Education and Health 2.3
- Government 2.3
- Professional and Business Services 3.5
- Information 3.8
- Financial 4.0
- Wholesale and Retail Trade 6.4
- Leisure and Hospitality 7.2
- Manufacturing and Nondurable Goods 7.5
- Transportation and Utilities 11.3
- Oil and Gas Extraction and Mining 14.2
- Manufacturing of Durable Goods 16.0
- Construction 34.8
Metro areas expected to increase annual growth in employment over the next 4 years by over 3% include:
- Austin, TX
- Dallas, TX
- Riverside, CA
- Las Vegas, NV
- Nashville, TN
- Atlanta, GA
- Tampa, FL
- Orlando, FL
- Charlotte, NC
- Raleigh, NC
Those projected to increase annual growth in employment by 2% - 3% include:
- Columbus, OH
- Indianapolis, IN
- Kansas City, KS
- Memphis, TN
- Birmingham. AL
- Oklahoma City, OK
- Baltimore, MD
- Washington, DC
- Virginia Beach, VA
- Jacksonville, FL
- Miami, FL
- Houston, TX
- San Antonio, TX
- Phoenix, AZ
- Tucson, AZ
- Salt Lake City, UT
- Seattle, WA
- Portland, AZ
- Sacramento, CA
- San Francisco, CA
- San Jose, CA
- Los Angeles, CA
- San Diego, CA
WHAT JOBS WILL BE ADDED AND SUBTRACTED IN THE NEXT 4 YEARS
EDUCATION AND HEALTH +1.2M
- Educational Services –42,000
BUSINESS
- Professional, Scientific, and Technical +1.1 million
- Real Estate +135,000
- Finance and Insurance +44,000
- Management of Companies –63,000
- Retail – Motor Vehicles +116,000
- Retail – Food and Beverage –13,000
- Retail Gasoline –111,000
DURABLE GOODS MANUFACTURING
- Transportation +395,000
- Machinery +164,000
- Wood Products +162,000
- Computers and Electronics +89,000
- Primary Metals +83,000
- Furniture and Related Goods +68,000
NONDURABLE GOODS MANUFACTURING
- Food +59,000
- Paper and Paper Products +24,000
- Chemicals +22,000
- Beverages and Tobacco -9,000
- Petroleum and Coal Products -9,000
- Apparel -19,000
- Printing and Related Support -44,000
LEISURE AND HOSPITALITY
- Accommodation and Food Services +522,000
- Arts, Entertainment, and Recreation +74,000
OTHER
- Construction +685,000
- Transportation and Warehousing +600,000
- Publishing -14,000
- Utilities -32,000
GOVERNMENT
- State and Local +439,000
- Federal -123,000
NATURAL RESOURCES
- Logging +9,000
- Mining -50,000
Source: IRS Global Insight – projections are based on a large scale macroeconomic model of the US, its regions, and its industries.
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