Friday 7 December 2012

Top 10 metros for job growth

Child volunteers Sebastian Lamb, left, and Leroy Fischer serve Thanksgiving dinner at the Salvation Army building in Odessa, Texas, in this November 2012 file photo. Odessa is enjoying robust job growth, thanks to new oil drilling taking place along the oil-rich Permian Basin. (Albert Cesare/Odessa American/AP/File)

The symbol of Odessa is the jack rabbit, and that pretty well describes the fast economic rise of this city of 100,000 people. Thirty years after the oil bust in West Texas, Odessa is booming again with the comeback of the petroleum industry and new hydraulic fracturing and drilling techniques that have rejuvenated drilling all along the area?s oil-rich Permian Basin. Personal income here grew 14.8 percent last year, higher than any other metropolitan area in the United States, according to the federal Bureau of Economic Analysis. The metro?s number of jobs has grown 5.1 percent between October 2012 and a year ago, according to the US Bureau of Labor Statistics. That puts it at No. 10 in job growth of all 366 metropolitan areas in the United States.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/cDuAwDio9uU/Top-10-metros-for-job-growth

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