According to the National Bureau of Economic Research, the recession which began in December 2007 ended in June 2009. That makes the 18-month recession the longest and deepest downturn for the U.S. economy since the Great Depression. However, there have been impacts on the global economy and especially job markets. Employees still find it hard to find jobs in many parts of the world while some cities in the American have top-notch employment prospects. Many largest companies have been moving to the cities and industries see a considerable growth.
Birmingham is known as “the workshop of the world” or “the city of a thousand trades”. It is a hub for retail and events along with an established research and development sector. Birmingham-Hoover has a net employment outlook of 13%. Employees can access to additional jobs thanks to construction of the Northern Beltline, an extension of I-422.
Birmingham-Hoover, AL: 13% (Net employment outlook)
Raleigh, the “City of Oaks”, is home to biotech and technology research institutions like the University of North Carolina and Duke University. The city is a wholesale distributing point for the grocery industry. In addition, many companies have moved to the area lately.
Raleigh-Cary, North Carolina: 15% (Net employment outlook)
Greenville is home to General Electric and Lockheed which are two among large employers. Foreign businesses and investors come to the area to make their business because of its low cost of living and a relatively high quality of life.
Greenville-Mauldin-Easley, SC: 13% (Net employment outlook)
Little Rock is the largest city of Arkansas. Major corporations headquartered in the area include Acxiom, Dillard’s Department Stores, and Windstream Communications. The University of Arkansas for Medical Sciences is one of the largest public employers with more than 9,400 employees.
Little Rock-North Little Rock-Conway, Arkansas: 12% (Net employment outlook)
Many largest employers like health-related companies land Grand Rapids-Wyoming, Michigan. Spectrum Health is one of companies receiving a boost from health care legislation.
Grand Rapids-Wyoming, Michigan: (Net employment outlook: 13%)
Known as the “Thoroughbred City” and the “Horse Capital of the World”, Lexington has diversified economy based on government and technology jobs. Its unemployment rate maintained at only 5.4% through the worst of the recession. The University of Kentucky is the largest employer with 10,668 employees.
Lexington-Fayette, Kentucky: 11% (Net employment outlook)
The Dallas-Fort Worth metropolis is home to many corporate headquarters for publicly traded companies in the United States, including 12 major companies like RadioShack and ExxonMobil- the most profitable company in the world.
Dallas-Fort Worth-Arlington, TX: 11% (Net employment outlook)
Due to its status as a border city, El Paso is the destination of many large corporate employers and government agencies. It is the operational headquarters of NASDAQ-listed manufacturer of personal health care products Helen of Troy Limited, OXO, Vidal Sassoon, and Sunbeam.
Net employment outlook: 11%
Economics is the study of our lives,our jobs, our homes, our families and the little decisions we face every day. Thus, I am keen on reading and studying economic issues.