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Recovery strongest in the heartland

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Good news for landscapers in the squarer states: Middle America boasts some of the strongest regional economies in the country. That’s according to number crunching released earlier this month by the Business Journals.

The media company analyzes short- and long-term data like private-sector employment, the unemployment rate and real estate values to compare the relative economic health of major metropolitan areas.

This month is the first time the company has publicly released these data. Here’s what they had to say about the top five strongest cities:

1. Oklahoma City: Workers’ earnings have grown faster in Oklahoma City than in any other market during the past year (11.9 percent), and the unemployment rate (4.8 percent) is lower than anywhere but Omaha.
2. Austin: The Texas capital is setting the pace for private-sector job growth, boosting local employment by 7.1 percent since 2007.
3. Omaha: The jobless rate in Omaha, as noted above, is the best among all 102 metros, 4.7 percent. Compare that to the national rate of 8.3 percent.
4. Pittsburgh: The value of a typical home in the Pittsburgh area has risen 5.5 percent in half a decade. Only Houston (5.8 percent) has done better.
5. Denver: Colorado’s biggest metro ranks among the top 10 markets for earnings per worker, one-year private-sector growth and one-year housing-price appreciation.

You can read the full report here, and download region-specific data for more than 100 cities.

Written by CBOWEN@GIE.NET

September 12th, 2012 at 11:30 am

Posted in research

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