CNN Money has recently released it's list of top 10 U.S. cities for job growth through 2015.

The ten cities are:
1. Las Vegas
2. Orlando
3. Riverside
4. Austin
5. Phoenix
6. Jacksonville
7. Tampa
8. Dallas/Fort Worth
9. Charlotte
10.Atlanta


Here are the cities in order of projected job growth:

Las Vegas
Projected job growth: 35.5%
Median household income: $59,050
Median housing cost: $319,000
Employers to watch:
Citibank
Harrah's
MGM Mirage
US Airways
Wynn Resorts

Orlando
Projected job growth: 28.3%
Median household income: $55,100
Median housing cost: $257,000
Employers to watch:
Darden Restaurants
Hughes Supply
Walt Disney
NBC Universal
Lockheed Martin

Riverside
Projected job growth: 26.7%
Median household income: $55,650
Median housing cost: $400,000
Employers to watch:
AT&T
Kaiser Permanente
Southern California Gas
Harte-Hanks
The Press Enterprise

Austin
Projected job growth: 24.7%
Median household income: $68,600
Median housing cost: $167,000
Employers to watch:
AMD
Dell
Samsung
Toyota
Whole Foods Market

Phoenix
Projected job growth: 24.3%
Median household income: $58,300
Median housing cost: $259,000
Employers to watch:
Apollo Group
Honeywell
Intel
Phelps Dodge
Wells Fargo

Jacksonville
Projected job growth: 20.8%
Median household income: $57,700
Median housing cost: $200,000
Employers to watch:
Bank of America
CSX
Fidelity Financial
Winn-Dixie Stores
Wachovia

Tampa
Projected job growth: 19.7%
Median household income: $52,150
Median housing cost: $214,000
Employers to watch:
Bank of America
U.S. Central Command
Outback Steakhouse
Raymond James Financial
Verizon Communications

Dallas/Fort Worth
Projected job growth: 19.4%
Median household income: $65,000
Median housing cost: $137,300
Employers to watch:
Affiliated Computer Services
Electronic Data Systems
JC Penney
Southwest Airlines
Texas Instruments

Charlotte
Projected job growth: 19.0%
Median household income: $62,500
Median housing cost: $184,000
Employers to watch:
Bank of America
Wachovia
Duke Energy
Nucor
Goodrich

Atlanta
Projected job growth: 18.8%
Median household income: $69,300
Median housing cost: $184,000
Employers to watch:
BellSouth
Cox Communications
Home Depot
SunTrust Banks
UPS

It's funny how the article mentioned that the key factor for job growth in these 10 cities are the new subdivisions, and infastructures to support it's new residents. And that these kinds of work need to be delivered locally so the possibility of it going offshore is minimal.

Comparing that to the Philippines, it's noticeable to see the big difference. For us the life support of job growth are foreign investments (vs. for them being based on housing growth) and that jobs we hold are those that are provided offshore (vs. them who rely on local delivery).

I don't know but that made me think...are we really on our way to economic growth...or is the growth we claim actually the opposite of what successful nations think is growth?

Created: Saturday, June 03, 2006

0 Comments