Austin sets the pace for private-sector job growth, boosting local employment by 7.1% since 2007, reports the On Numbers Economic Index today by The Business Journals.
According to the report, Oklahoma City, Austin and Omaha are the highest-rated markets in September’s version of ONEI, which measures the economic health of 102 major metropolitan areas.
The top eight metros, in fact, are far from the Atlantic and Pacific coasts. All eight lie within a triangle that has Houston, Pittsburgh and Denver as its endpoints.
No. 9 Boston is the strongest market on either coast. Only four other coastal metros — Charleston, S.C. (13th), Portland, Maine (16th), San Jose (17th) and Honolulu (20th) — are in the national top 20.
The On Numbers Economic Index is generated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation, and construction and retail activity. Here is the detailed methodology.
Read the original report here.
