Nationwide, U.S. private sector employment grew 2.3% last year. San Jose experienced the highest growth (4.8%), followed by Austin (4.4%), Grand Rapids (4.1%), and San Antonio (4.0%), reports Olivia Stewart of Headlight Data, citing data from the U.S. Bureau of Labor Statistics.
Since 2010, the U.S. private sector growth rate has increased 1.2 percentage points. The large metros showing the most improvement (with the greatest increase in the annual growth rate) are Sacramento (+4.1 pts.), Las Vegas (+3.3 pts.) and San Francisco (+3.0 pts.). Tucson, San Diego and San Antonio also experienced a substantial improvement.
According to the 2015 data, New Orleans (0.2%), Kansas City (0.2%), and Houston (0.5%) ranked lowest for growth. Ten large metros have slowed since 2010. The large metros with the largest declines in growth rate are Oklahoma City (2.3 pt. decrease), Houston (-1.8 pts.) and New Orleans (-1.6 pts.). Other metros with a declining growth rate since 2010 are Kansas City, Chicago and Milwaukee.