Dallas-Fort Worth named ‘Best Cities for Good Jobs

Texas trounced the rest of the country with five metropolitan areas in the Top Ten, on Forbes’ listing of the Best Cities for Good Jobs. Dallas topped the list, followed by Houston, Austin and Fort Worth. San Antonio came in sixth.

Texans did not suffer as much in the financial crisis and are doing much better now, the magazine said. The unemployment rate rose from below 5% in 2007 to a little above 8% in 2010, but has come down to 6.2%. The U.S. unemployment rate peaked at 10% and is still at about 8%.

The Lone Star state is not growing on the backs of underpaid, non-union workers, according to Forbes. While Texas is a right-to-work state, many of the highest paying jobs in the Dallas area are with unionized defense manufacturers like Bell Helicopter and Lockheed Martin, which makes the F-35 Lightning II fighter at a mile-long plant in Fort Worth.

To select the 10 Best Cities For Good Jobs, Forbes gathered data from Moody’s Analytics on the 100 largest U.S. metropolitan areas. It then ranked the cities according to recent and expected job growth, current unemployment rate, and current and expected per-capita income. The magazine said it avoided cities with high unemployment rates or are clearly rebounding from severe economic distress and gave increased weight to areas with high and growing per capita incomes.

Here’s a snapshot of Dallas that was featured in Forbes’ 10 Best Cities For Good Jobs:

1. Dallas
5-year expected annual job growth rate: 2.8%
Per capita income: $39,548
Unemployment rate: 5.9%
“The Big D shrugged off the bankruptcy of American Airlines to add thousands of jobs last year and is expected to keep up the pace with growth in financial services, energy and healthcare.” (2/26/13)

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