Best Cities for Jobs 2014: As America recovers from the Great Recession since five years ago; the venue of economic momentum has shifted. According to Forbes, the cities that created the most jobs in the early years of the recession were either government- or military-dominated (Washington, D.C.; Kileen-Temple-Fort Hood, Texas), or were powered by the energy boom in Texas, Oklahoma and the northern Great Plains. This year, San Jose, Sunnyvale, Santa Clara, CA became first in the list.
"The recovery has shifted to a new group of cities that have benefited from the boom on Wall Street and the parallel IPO surge in Silicon Valley, call them asset inflation cities. Last year the S&P 500 clocked its biggest rise since 1997, helped by aggressive monetary easing by the Federal Reserve and a return to the stock market by investors who had retreated to the sidelines after the financial crisis. The high times have brought on a surge in IPOs: 2013 was the busiest year for public offerings in over a decade, and the pace has if anything quickened this year, with healthcare and technology offerings leading the way. M&A has also surged, with some very impressive valuations in the tech sector, such as Facebook's $19 billion purchase of 50-person What's App. The biggest beneficiaries employment-wise: the Bay Area, Silicon Valley and New York City," Forbes described.
The Examiner explained that "the latest rankings for jobs by Forbes are based on three types of job creation. The three types are short-term, medium-term, and long-term jobs. Additionally, momentum has come in to play, as to whether job growth is slowing or accelerating over a period of time and from a variety of locales throughout the country. The focus on the survey was on three city sizes. There were the large cities over 450,000 persons, the medium-size cities between 150,000 and 450,000 persons, and the small cities with less than 150,000 people."
Forbes analyzed all of the metropolitan statistical areas (MSAs) that the Bureau of Labor Statistics reports upon each month for employment data throughout the United States. These are the result of tri-monthly continuing averages of the United States Bureau of Labor Statistics. In this study, the data stretched a dozen years. The data is based from November 2002 to January 2014.
Following are the Top 10 best big cities for jobs in the United States:
1. San Jose-Sunnyvale-Santa Clara, California
2. San Francisco-San Mateo-Redwood City, California
3. Austin-Round Rock-San Marcos, Texas
4. Raleigh-Cary, North Carolina
5. Houston-Sugar Land-Baytown, Texas
6. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
7. New York City, New York
8. Orlando-Kissimmee-Sanford, Florida
9. Dallas-Plano-Irving, Texas
10. Denver-Aurora-Broomfield, Colorado
