US Freedom Capital Blog

Dallas ranks first for small business job growth in October

Posted by David Gunderson on Nov 9, 2014 7:42:00 PM

Dallas regained its spot as the top metropolitan statistical area for small business job growth in October.

Nationally, job growth remained steady, growing at just 0.23 percent over the past 12 months. Still, the U.S. is maintaining an index number of 100.84, indicating a strong job climate, according to the study conducted by payroll services company Paychex and business analyst firm IHS.

However, Dallas has been the country's star for several months, only dropping its ranking as a top job creator in September. Officials are attributing that to a random fluctuation in the market.

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September 2014 US Job Creation

Posted by David Gunderson on Nov 4, 2014 7:34:00 AM

The U.S. economy appears to be picking up steam even before holiday-related jobs are added. Employers added 248,000 nonfarm jobs (on a seasonally adjusted basis) in September, according to initial estimates from the U.S. Bureau of Labor Statistics. That number surpassed the consensus forecast of 215,000 jobs.

Jobs and Rent Growth

Meanwhile, the BLS revised July and August employment gains upward; from 212,000 jobs to 243,000 in July and 142,000 jobs to 180,000 in August, for a net gain of 69,000 jobs. Next month's second revision of the August estimate could still approach the 200,000 mark, as Axiometrics predicted in last month's Jobs Report.

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