The Milken Institute/Greenstreet Real Estate Partners is out with its latest report ranking metro areas in the United States "by how well they are creating and sustaining jobs and economic growth. The components include job, wage, and salary and technology growth."
From the report, "Best Performing Cities 2008: Where America's Jobs Are Created and Sustained":
This year's rankings of where America's jobs are being created and sustained shows the impact of a broad rebound in the technology sector, along with strong activity in exports and energy production.
Several metros that once dominated the rankings fell due to a sharp downturn in their housing and construction markets; locations in Florida and California took particularly sharp hits. Cities that depend on industry and manufacturing also continue to show a steady long-term decline. The lowest performers on this year's index once again come from the industrial Midwest, with nine of the lowest-ranked cities found in Michigan or Ohio.
Among the nation's 200 largest metros, these are the top 10 performers of 2008 (with their 2007 rankings in parentheses):
- Provo-Orem, Utah (8)
- Raleigh-Cary, North Carolina (10)
- Salt Lake City, Utah (18)
- Austin-Round Rock, Texas (20)
- Huntsville, Alabama (16)
- Wilmington, North Carolina (2)
- McAllen-Edinburg-Mission, Texas (7)
- Tacoma, Washington (50)
- Olympia, Washington (37 in the 2007 ranking of small metros)
- Charleston-North Charleston, South Carolina (12)