Have Virginia jobs fallen behind?
Posted on February 4, 2016
The number of Virginia jobs may be lagging, according to a recent survey from Careerbuilder.
CareerBuilder and Emsi looked at the total job growth across industries for each of the 150 most populous U.S. metros from 2014 to 2015. Each metro’s actual job growth was then compared to what would have been expected for that metro based on national job growth trends during that same time period.
The difference between the two measurements is the competitive effect, i.e., how much the metro is exceeding, matching or falling behind national job growth trends because of something unique to that metro’s regional economy.
Top 10 Least Competitive Metros
The following are the top 10 metros that fell significantly short in terms of the number of jobs they were expected to add between 2014 and 2015 based on national job growth.
|MSA||Total Employment in 2015||Jobs added from 2014 to 2015||Jobs expected to be added from 2014 to 2015 based on national job growth||Jobs that fell short of expected job growth (competitive effect)||Percentage of total employment due to the MSA’s competitive effect|
|1. Chicago, IL||4,510,903||55,443||92,480||-37,037||-0.8%|
|2. New York, NY||9,178,982||155,981||187,286||-31,305||-0.3%|
|3. Philadelphia, PA||2,801,206||30,875||57,502||-26,628||-1.0%|
|4. New Orleans, LA||564,920||-2,491||11,778||-14,268||-2.5%|
|5. St. Louis, MO||1,361,406||15,481||27,937||-12,456||-0.9%|
|6. Richmond, VA||634,910||2,040||13,136||-11,096||-1.8%|
|7. Virginia Beach, VA||831,542||6,896||17,117||-10,221||-1.2%|
|8. Cleveland, OH||1,042,972||13,123||21,376||-8,253||-0.8%|
|9. Tulsa, OK||440,495||2,295||9,096||-6,801||-1.5%|
|10. Lafayette, LA||223,560||-2,100||4,684||-6,785||-3.0%|