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Strong Job Growth Continues

Metro JAX’ 5-county employment has added some 24,900 jobs in the 12 months’ ended in August 2016.  That’s a 3.8% growth ranks 3rd amongst its peers in the Southeast, just behind Savannah at 4.0% and still well behind Orlando at 4.4%, but well ahead of Tampa, Atlanta, Charlotte, Charleston, and Miami – and substantially better than the nation at about 2.0%.  According to the U.S. Bureau of Labor Statistics, every employment category had gains in JAX except one (Information, which lost 400 jobs or down 4.3%); increases were widely dispersed, with the biggest gains being in Construction (+12.1%), Leisure/Hospitality (+5.9%) and Education and Health Services (+5.2%).

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+22,800 Jobs In Past 12 Months

The US. Bureau of Labor Statistics had April 2016 total non-farm employment in the JAX area at 668,200, that’s 22,800 more than April 2015, or a 3.5% increase, that’s DOUBLE the rate of increase for the nation, as shown below.  The areas of the strongest growth – Leisure and Hospitality (+7.9%), Construction (+6.6%), and Education and Health Services (+5.1%).  The only area showing a loss was Information (-1.1%).

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Snapshot of JAX Employment – Up 16,300 Jobs in Last 12 Months!

Below is a simple graph of the percent changes in employment in JAX and the U.S. – and JAX is out consistently out-performing the nation.  And the results in the table suggest a strong (and sustainable) 2.6% job growth over the past 12 months, now at 650,200 jobs in the region, 102.2% of the prior peak of 2006.  The biggest gainers over the past year – Leisure and Hospitality (+6.2%), Education and Health Services (+5.2%) and +3.2% for Trade, Transportation and Utilities.  The only loser – Information Services, down 3.3%, but also the smallest employer in the region at less than 9k total jobs.  Overall, the JAX economy created some 16,300 jobs in the past year, up 2.6%.  Courtesy of US Bureau of Labor Statistics.

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