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Job Growth Slows Across Top Metros

Atlanta Creates Most Jobs in Past Year

By Dave Sorter | Wednesday, June 7, 2017

Atlanta, Dallas and New York remained the top three job-gain metros of Axiometrics’ 120 ranked metros in April, as they were in March. Phoenix moved up to No. 4, displacing Los Angeles to No. 6, while Seattle broke into the top five from No. 7 in March. Riverside slipped one spot to No. 7 and Boston jumped two places to No. 8. Orlando returned to No. 9 as Tampa fell out of the top ten to No. 11. Houston’s rebound is building, as it leapfrogged from No. 18 last month to No. 10.

Together, the total jobs created in the top 10 metros in the 12 months ending in April were down 17.4% from March’s annual total (552,300 vs. 668,600), and down an incredible 29% from the 12-month total for April 2016 (552,300 vs. 778,400). Of course, job growth is the primary driver of the apartment market.

A few metros dropped sharply in the rankings: Oakland fell from No. 15 to No. 27, Washington, DC fell to No. 17 from No. 11 and San Diego fell from No. 20 to No. 33. In addition to Houston, a few other metros jumped up in the rankings from March: Las Vegas jumped from No. 22 to No. 15, Denver moved from No. 19 to No. 14 and San Antonio moved from No. 29 to No. 21.

RealPage's Lindsey Allen provided a deep dive into the metro figures. For a complete rundown of the employment scene, read Axiometrics' May 2017 Jobs Report.

Dave Sorter

Dave Sorter


Dave Sorter is an award-winning journalist who spent 30 years as a newspaper reporter and editor before joining Axiometrics. He oversees all Axio blogs and newsletters and serves as senior editor of all Axio publications.

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