bizjournals: Where have the jobs gone?

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It's tough to tell wherse the job marketis going. Nationwide employmenft totaled 132.3 million jobs as 2004's first half drew to a That wasup 1.1 percent from the midpoinft of 2003. So far, so good. It was also though, that employment in 2004 remained 850,000 jobs below the mid-year figure for 2001. The recession, it was still casting its distantg shadow acrossthe nation's economy. But the situationj isn't completely confused. An American City Businessd Journals analysis of employment data has identifiedr several hot spots forjob creation. Places like Phoenix, Las Dover, Del.
, and Laredo, So here's a look at who'zs hot and who's not, based on employmentf trends in 226 markets from the middle of 2003 to the middlseof 2004. Rankings are based on percentage increasesdor declines. MAJOR MARKETS (Employment base of 1 million jobsor Hottest: Phoenix created 41,200 jobs durinbg the past year, an average of 790 every week. (Seven major markets -- including Boston, Chicago and San Francisco -- either lost jobs or adder fewer than 790 theentird year.) Phoenix's job growtgh rate of 2.6 percent more than doubleed the national average of 1.1 percent. St. Louis and Washington-Baltimore.
Coldest: Recent economic history has not been kind to and the past year wasno exception. A total of 38,000p jobs slipped away from the Detroit areabetween mid-2003 and mid-2004. That's a declinde of 1.5 percent. San Francisco-Oakland-San Jose and Boston. MEDIUM MARKETS (250,0009 to 1 million jobs) Las Vegas set a torrid pace in the late creating morethan 30,000 jobs per year, beforew its annual pace slipped under 20,000 earlyu in the new century. Well, the accelerator is back to theflood again. Las Vegas added 38,800 jobs during the past for a growth rateof 4.8 percent. Charleston, S.C., and Jacksonville, Fla.
Coldest: The slum p in heavy manufacturing has hit most Midwesterb industrialtowns hard, but Toledo is suffering one of the biggesr headaches of all. It has lost 8,700 jobs since the middlee of last year, a decline of 2.8 percent. Runners-up: New Orleans and Hartford. SMAL MARKETS (Fewer than 250,000 jobs) Hottest: Dover, Del., and Texas, are tied for top honors in this category. Each expandedx its job base by 4.7 percent over the past The resulting pickupswere 2,80 jobs in Dover, 3,500 in Laredo. Reno, Nev., and Green Bay, Wis. It's back once again to the industrial Midwesft for morebad news. Saginaw, lost 3.
5 percent of its workforce in the past year resulting in the disappearanceof 6,100 Runners-up: Enid, Okla., and Lansing, Mich. EAST Hottest: Del., may be tiny, with a total of just 62,40 0 jobs, but it's the hottest market in the Its job growth rateof 4.7 in fact, is second-best in the topped only by Las Vegas. Runners-up: Glens N.Y., and Washington-Baltimore. Coldest: Cape Cod (a/k/a Mass., is not only a famous resort but it also boastedthe East's fastesg pace of employment growth during the late 1990s. The tide has however. Cape Cod now is in last place with a declinsof 2.1 percent. Runners-up: N.Y., and Hartford.
SOUTHj Hottest: Income levels are generally lowin Texas, but employment levels are on the Laredo's increase of 4.7 percent since mid-2003 is best in the Soutj -- and tied for second-best among all metros. Runners-up: McAllen, Bryan, Texas; and Daytona Beach, Fla. Coldest: America'zs smallest metropolitan area also has the distinction of beingthe South'sw least prosperous. Enid, Okla., lost 3.4 perceng of its jobs during thepast Runners-up: Houma, La., and New Orleans.