Memphis, Sacramento, Vegas See Accelerating Job Growth Pace

(Bloomberg) -- Memphis, Sacramento and Las Vegas were the top three large U.S. metro areas in January for job creation compared to their average 10-year employment rate, according to a Bloomberg analysis of Bureau of Labor Statistics data.

Bloomberg found seven areas in the January data where annual employment growth exceeded the 10-year average annualized pace by greater than one percentage point.

Memphis, Sacramento, Vegas See Accelerating Job Growth Pace

Bloomberg used a pool of 51 metropolitan areas, with a 2010 Census population of one million or greater, to gauge employment gains over the last year, compared to the past decade. Eight areas are seeing a deceleration in job growth at a rate in excess of half a percentage point, while an additional 10 cities are experiencing a slowdown.

At the bottom of this list is Minneapolis, where the one-year percent change in job growth was zero in January. This is a substantially different from its 10-year annualized growth rate of 1.3 percent. Some areas known for their recent job growth, such as Boston, Austin and Raleigh also reported slower employment gains than their 10-year average rates of growth.

Large Metropolitan Area Percent Changes in Employment

Metropolitan area10 year5 year1 year
Atlanta-Sandy Springs-Roswell, GA19.014.62.1
Austin-Round Rock, TX38.019.62.6
Baltimore-Columbia-Towson, MD11.07.51.4
Birmingham-Hoover, AL5.05.91.5
Boston-Cambridge-Nashua, MA-NH NECTA12.88.00.5
Buffalo-Cheektowaga-Niagara Falls, NY4.43.10.4
Charlotte-Concord-Gastonia, NC-SC24.216.32.6
Chicago-Naperville-Elgin, IL-IN-WI8.87.31.6
Cincinnati, OH-KY-IN10.59.21.8
Cleveland-Elyria, OH4.44.21.0
Columbus, OH18.010.71.4
Dallas-Fort Worth-Arlington, TX25.316.32.8
Denver-Aurora-Lakewood, CO23.514.71.8
Detroit-Warren-Dearborn, MI14.78.81.0
Hartford-West Hartford-East Hartford, CT NECTA3.94.01.1
Houston-The Woodlands-Sugar Land, TX18.88.52.8
Indianapolis-Carmel-Anderson, IN15.89.80.8
Jacksonville, FL19.316.21.1
Kansas City, MO-KS11.410.21.5
Las Vegas-Henderson-Paradise, NV18.518.13.1
Los Angeles-Long Beach-Anaheim, CA11.99.50.8
Louisville/Jefferson County, KY-IN14.19.10.7
Memphis, TN-MS-AR6.47.42.2
Miami-Fort Lauderdale-West Palm Beach, FL19.713.72.2
Milwaukee-Waukesha-West Allis, WI5.05.20.9
Minneapolis-St. Paul-Bloomington, MN-WI12.27.40.0
Nashville-Davidson--Murfreesboro--Franklin, TN34.220.23.9
New Orleans-Metairie, LA9.24.91.8
New York-Newark-Jersey City, NY-NJ-PA13.39.21.5
Oklahoma City, OK11.25.80.9
Orlando-Kissimmee-Sanford, FL29.421.83.9
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7.27.41.1
Phoenix-Mesa-Scottsdale, AZ20.116.83.1
Pittsburgh, PA4.92.90.7
Portland-Vancouver-Hillsboro, OR-WA20.014.02.2
Providence-Warwick, RI-MA NECTA7.85.81.0
Raleigh, NC25.015.71.7
Richmond, VA11.98.81.4
Riverside-San Bernardino-Ontario, CA25.819.91.8
Rochester, NY4.73.60.6
Sacramento--Roseville--Arden-Arcade, CA15.515.42.9
Salt Lake City, UT23.114.32.4
San Antonio-New Braunfels, TX25.814.82.5
San Diego-Carlsbad, CA16.812.71.5
San Francisco-Oakland-Hayward, CA22.716.02.6
San Jose-Sunnyvale-Santa Clara, CA25.815.02.6
Seattle-Tacoma-Bellevue, WA19.814.82.5
St. Louis, MO-IL6.27.11.4
Tampa-St. Petersburg-Clearwater, FL18.614.31.4
Virginia Beach-Norfolk-Newport News, VA-NC5.24.50.4
Washington-Arlington-Alexandria, DC-VA-MD-WV10.97.71.0

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