Author Topic: The U.S. Cities Creating The Most White-Collar Jobs, 2016  (Read 627 times)

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The U.S. Cities Creating The Most White-Collar Jobs, 2016
« on: July 22, 2016, 03:11:54 pm »
SOURCE: FORBES

URL: http://www.forbes.com/sites/joelkotkin/2016/07/21/the-u-s-cities-creating-the-most-white-collar-jobs-2016/#427c89337cfc

by: Joel Kotkin and Mike Shires

The information sector may have glamour and manufacturing, nostalgia appeal, but the real action in high-wage job growth in the United States is in the vast realm of professional and business services. This is not only the largest high-wage part of the economy, employing just under 20 million people at an average salary of $30 an hour, it’s also one the few high-wage sectors in which employment has expanded steadily since 2010, at more than 3% a year, adding nearly 3 million white-collar jobs.

In many ways, the business and professional service sector may be the best indicator of future U.S. economic growth. It is not nearly as vulnerable to disruption as energy, manufacturing or information employment, and more deeply integrated into the economy, including professions like administrative services and management, legal services, scientific research, and computer systems and design.  In a pattern we have seen in other sectors, much of the growth is concentrated in two very different kinds of places: tech-rich metro areas and those that offer lower costs, and often more business-friendly atmospheres.

To generate our rankings of the best places for business services jobs, we looked at employment growth in the 366 metropolitan statistical areas for which BLS has complete data going back to 2005, weighting growth over the short-, medium- and long-term in that span, and factoring in momentum — whether growth is slowing or accelerating

15. Kansas City, MO

Share of Business Services Jobs in the local economy: 15.48%

14. New York City, NY

Share of Business Services Jobs in the local economy: 16.66%

13. Atlanta-Sandy Springs-Roswell, GA

Share of Business Services Jobs in the local economy:  18.45%

12. Louisville/Jefferson County KY/IN

Share of Business Services Jobs in the local economy: 13.5%

11. Tampa-St. Petersburg-Clearwater, FL

Share of Business Services Jobs in the local economy: 17.76%

10. Portland-Vancouver-Hillboro OR-WA

Share of Business Services Jobs in the local economy: 15.32%

9. Charlotte-Concord-Gastonia NC-SC

Share of Business Services Jobs in the local economy: 16.77%

8. Richmond, VA

Share of Business Services Jobs in the local economy: 16.82%

7. Orlando-Kissimee-Sanford FL

Share of Business Services Jobs in the local economy: 16.99%

6. Raleigh, NC

Share of Business Services Jobs in the local economy: 19.12%

5. Dallas-Plano-Irving TX Metropolitan Division

Share of Business Services Jobs in the local economy: 18.63%

4. San Jose-Sunnyvale-Santa Clara, CA

Share of Business Services Jobs in the local economy: 20.98%

3. Austin, Round Rock, TX

Share of Business Services Jobs in the local economy: 16.88%

2. San Francisco-Redwood City-South San Francisco, CA Metropolitan Area

Share of Business Services Jobs in the local economy: 25.21%

1. Nashville-Davidson-Murfreesboro-Franklin, TX

Share of Business Services Jobs in the local economy: 16.39%