Which Metro. Areas Create Middle-Class Jobs?

The folks at New Geography have been looking at this question.  Here’s what they came up with:

. . . .There are eight metro areas that boast more mid-level jobs today than in 2007. The list is dominated bymetros Texas cities, led by Austin-Round Rock-San Marcos. . . .

. . . . Los Angeles-Long Beach leads the league with the biggest net loss of mid-skilled jobs since 2007, down by 112,300, or 6.1%. Chicago had the second-largest numerical decline, some 102,100, or 7.6%, followed by New York, which lost 82,350 such jobs, 3.4% of its total in 2007. In contrast, notes economist Tyler Cowen, Texas has not only created the most middle-income jobs, but a remarkableone-third of all net high-wage jobs created over the past decade.

. . . . New York, Chicago and L.A. have seen job gains in such low-wage areas as hospitality and retail, as well as a smaller surge in high-end employment — notably in information and business services. But the welcome growth in these positions is not enough to make up for the big hole in middle-class employment. Since the recession, for example, New York has lost manufacturing and construction jobs at a double-digit rate while hospitality employment grew 18% and retail 10%. Los Angeles and Chicago showed similar patterns, but actually did worse in higher-wage sectors, like professional business services.

The full story is here.

Tags: , ,