In Case You Missed It…Texas Dominated Milken Institute List of Top Cities for Jobs
Texas cities make up an unprecedented 11 of the top 25 metropolitan areas ranked in the Milken Institute's Best-Performing Cities Index, which evaluates the metro areas best able to create and sustain jobs. This is the second year in a row Texas has dominated the list.
Killeen-Temple-Fort Hood took the top spot in this year's index, with Austin-Round Rock (2) and McAllen-Edinburg-Mission (4) rounding out the top five. Other Texas cities in the top 25 are El Paso (9), Houston-Sugar Land-Baytown (10), Brownsville-Harlingen (13), San Antonio (14), Amarillo (16), Dallas-Plano-Irving (17), Fort Worth-Arlington (23) and Lubbock (24).
"(Cities) that are sustaining their job markets are doing so through a good mix of high-tech industries, favorable business climates and diversified service-sector industries," said Ross DeVol, executive director of economic research at the Milken Institute, an independent economic think tank. "These are definite lessons for how American metros can be prepared to survive economic turmoil."
The report also cites Texas' energy exploration and alternative fuels research, along with its aggressive recruitment of businesses from other states as reasons for Texas' continued economic strength.
The index factors in a metro area's long and short-term employment and salary growth, as well as four measurements of technology output growth, which the institute views as key to creating good jobs and driving regional economies.
To read the Milken Institute's release, please visit
To read the entire report, please visit http://www.milkeninstitute.org/pdf/bpc2010.pdf.
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