The Bureau of Labor Statistics earlier this month reported that the U.S. added 160,000 jobs in April, which implies that jobs across the nation grew 1.9% year over year. According to a new study by the University of Redlands’ Institute for Spatial Economic Analysis (ISEA), the Far West region lead the nation with 2.9% annual job growth. The Plains region grew the slowest at 0.9%.
Job Growth Solid, But Slowing Down
According to the Director of ISEA, Dr. Johannes Moenius, “This is no doubt a solid report. However, the year to date growth is the slowest we have seen since the recovery began five years ago”.
Professional and Business Services Drive Job Growth in Past Month
The largest job gains across the nation were in Professional and Business Services, with 65,000 jobs added in the past month. Job gains in this industry were highest in New York City NY, New York-Newark-Jersey City NY-NJ-PA, and Los Angeles-Long Beach-Anaheim CA. The largest job losses were in Government, with 11,000 jobs lost in the past month nationwide. Job losses in this industry were highest in Detroit-Warren-Dearborn MI, Virginia Beach-Norfolk-Newport News VA-NC, and Louisville/Jefferson County KY-IN.
Jobs Grew Fastest in Past Year in Densely Populated Areas
ISEA breaks down employment by zip code. The map above shows employment levels (represented by circle width) and annual change in employment (represented by circle color) for every zip code in US metropolitan statistical areas. Overall, areas with 1000 or more people per square mile grew faster than other areas at 2.25% over the year. This is followed by areas with 500-999 people per square mile, which grew at 1.99%, areas with 200-499 people per square mile at 1.80% and zip codes with less than 200 people per square mile grew at 1.4%.
The fastest growing MSAs were Madera CA, Bend-Redmond OR, and St. George UT. These cities can be identified on the map as the large green circles. Slowest growing were Casper WY, Odessa TX and Houma-Thibodaux LA. These cities can be spotted as the large red or yellow circles.
This regional distribution of job growth can be clearly observed in the ISEA employment animation for the U.S. on the ISEA YouTube channel at https://www.youtube.com/user/ISEAatRedlands.
Detailed reports by zip codes and small regional areas can be generated with the ISEA Data Explorer at http://isea.redlands.edu/map/. A short introduction on how to use this map-based interface can also be found at the ISEA YouTube channel. Could you give us some feedback to improve this tool? If yes, please go to https://www.surveymonkey.com/r/ISEASurvey and fill out our 5 minute survey. Thank you very much in advance!
The researchers combined today’s data release on employment by industry from the Bureau of Labor Statistics with business pattern data by zip code and industry from the U.S. Census Bureau to arrive at their projected values. The researchers point out that, given the data available to them, their projected values are only rough approximations of the true values, and that accuracy is higher for counties with larger populations. Despite those shortcomings, the observed patterns should still be helpful for decision makers in politics, businesses and organizations to determine where to best direct their efforts.
About the University of Redlands Institute for Spatial Economic Analysis (ISEA)
The Institute for Spatial Economic Analysis (ISEA) serves regional, national and global business and government leaders in their needs to better understand how socio-economic phenomena affect their communities. A division of the University of Redlands School of Business, ISEA publishes ongoing, timely reports covering retail, employment, housing, logistics and other special topics. A key distinction of the Institute is its ability to illustrate economic trends and patterns through the use of geo-spatial mapping techniques. In addition, ISEA’s ability to provide Zip code level analysis for many of its reports provides unprecedented detail. Current ISEA economic data and interactive maps may be found at http://isea.redlands.edu/.
Author: Jess Chen, Jess_Chen@redlands.edu
Faculty Fellow at the Institute for Spatial Economic Analysis,
University of Redlands, School of Business
Contact: Johannes Moenius, Ph.D., firstname.lastname@example.org, 909-557-8161
Director, Institute for Spatial Economic Analysis,
University of Redlands, School of Business