New York Worst City for Job Creation

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By Douglas A. McIntyre Published
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The New York-Newark metropolitan statistical area (MSA) is the largest in the United States, with its population of nearly 20 million. It is also the worst for job creation, according to new data from Gallup. The nation’s second largest MSA, Los Angeles-Long Beach, with a population of just over 13 million, lags significantly as well.

Even though these huge metropolitan areas lag, the national picture has improved sharply over the past several years, according to Gallup researchers:

The results are based on Gallup Daily tracking conducted throughout 2014. Gallup asks working Americans to say whether their employer is hiring workers and expanding the size of its workforce, not changing the size of its workforce, or letting workers go and reducing the size of its workforce. Overall, throughout 2014, an average of 39% of U.S. workers said their employer was hiring workers, compared with 13% who said their employer was letting workers go, resulting in a nationwide Job Creation Index of +26. Reports of job creation are currently quite strong and have improved each year since 2009.

So, even though job creation in the largest MSAs has been disappointing, measured against national trends, their numbers are still encouraging:

The areas with the lowest index scores among the top 50 MSAs are New York, San Diego and Hartford, Conn., at +20, and Virginia Beach-Norfolk, Va., and Las Vegas at +21. Although these scores are the lowest in a relative sense, they are still strong in an absolute sense.

ALSO READ: 10 Disappearing Middle-Class Jobs

The 10 worst MSAs based on their Job Creation Index scores were New York (20); San Diego (20); Hartford, Conn. (20); Virginia Beach, Va. (21); Las Vegas (21); Providence, R.I. (23); Memphis (24); Los Angeles (24); Pittsburgh (24); and Riverside, Calif. (24).

At the other end of the list were MSAs that Gallup believes in many cases were helped by the boom in tech and energy jobs. Leading the list are Austin, Texas (37); Salt Lake City (37); San Francisco (36); Houston (36); Orlando (36); and San Jose, Calif. (35).

Even with some relatively large MSAs posting good numbers, it is hard for them to balance the bad figures of the New York and Los Angeles MSAs, which have 33 million residents between them.

Methodology: Results for this Gallup poll were based on telephone interviews conducted in 2014, on the Gallup U.S. Daily survey, with a random sample of 201,254 employed adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of workers, the margin of sampling error is ±1 percentage point at the 95% confidence level.

ALSO READ: 15 Cities With the Most High-Tech Jobs

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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