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Editor’s Word: This story initially appeared on HireAHelper.
Regardless of the challenges that the COVID-19 pandemic created for the U.S. economic system during the last two years, current months have proven main indicators of constructive financial information.
The U.S. Bureau of Financial Evaluation estimated that GDP elevated by 7% within the closing quarter of 2021, a powerful determine, particularly given a concurrent spike in COVID-19 instances on the finish of final yr. And whereas inflation has been a big strain on many households’ funds, staff in nearly each trade have seen wage progress for the reason that pandemic started.
The simultaneous will increase in financial productiveness and wages are significantly noteworthy due to the growing hole between these two statistics in recent times.
The info used on this research is from the U.S. Bureau of Financial Evaluation. To find out the places with the best staff, researchers at HireAHelper calculated the whole annual gross home product (GDP) per employee.
Listed below are the big metropolitan areas with the best economies.
15. Charlotte-Harmony-Gastonia, NC-SC
- Annual GDP (per employee): $114,019
- Annual GDP (per capita): $68,852
- Annual GDP (complete): $184,819,000,000
- Complete employment: 1,620,954
- Complete inhabitants: 2,684,276
14. Cincinnati, OH-KY-IN
- Annual GDP (per employee): $114,580
- Annual GDP (per capita): $68,350
- Annual GDP (complete): $152,619,000,000
- Complete employment: 1,331,990
- Complete inhabitants: 2,232,907
13. Baltimore-Columbia-Towson, MD
- Annual GDP (per employee): $116,919
- Annual GDP (per capita): $73,499
- Annual GDP (complete): $205,811,000,000
- Complete employment: 1,760,280
- Complete inhabitants: 2,800,189
12. Houston-The Woodlands-Sugar Land, TX
- Annual GDP (per employee): $117,010
- Annual GDP (per capita): $68,232
- Annual GDP (complete): $488,165,000,000
- Complete employment: 4,172,005
- Complete inhabitants: 7,154,478
11. San Diego-Chula Vista-Carlsbad, CA
- Annual GDP (per employee): $118,796
- Annual GDP (per capita): $72,143
- Annual GDP (complete): $240,411,000,000
- Complete employment: 2,023,738
- Complete inhabitants: 3,332,427
10. Chicago-Naperville-Elgin, IL-IN-WI
- Annual GDP (per employee): $120,473
- Annual GDP (per capita): $73,670
- Annual GDP (complete): $692,988,000,000
- Complete employment: 5,752,239
- Complete inhabitants: 9,406,638
9. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Annual GDP (per employee): $121,012
- Annual GDP (per capita): $71,883
- Annual GDP (complete): $439,055,000,000
- Complete employment: 3,628,203
- Complete inhabitants: 6,107,906
8. Los Angeles-Lengthy Seashore-Anaheim, CA
- Annual GDP (per employee): $122,311
- Annual GDP (per capita): $76,815
- Annual GDP (complete): $1,007,040,000,000
- Complete employment: 8,233,468
- Complete inhabitants: 13,109,903
7. Hartford-East Hartford-Middletown, CT
- Annual GDP (per employee): $128,108
- Annual GDP (per capita): $82,657
- Annual GDP (complete): $99,311,154,000
- Complete employment: 775,213
- Complete inhabitants: 1,201,483
6. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Annual GDP (per employee): $132,624
- Annual GDP (per capita): $88,705
- Annual GDP (complete): $561,028,000,000
- Complete employment: 4,230,210
- Complete inhabitants: 6,324,629
5. Boston-Cambridge-Newton, MA-NH
- Annual GDP (per employee): $139,642
- Annual GDP (per capita): $98,460
- Annual GDP (complete): $480,307,000,000
- Complete employment: 3,439,563
- Complete inhabitants: 4,878,211
4. New York-Newark-Jersey Metropolis, NY-NJ-PA
- Annual GDP (per employee): $152,833
- Annual GDP (per capita): $94,608
- Annual GDP (complete): $1,809,320,000,000
- Complete employment: 11,838,530
- Complete inhabitants: 19,124,359
3. Seattle-Tacoma-Bellevue, WA
- Annual GDP (per employee): $165,963
- Annual GDP (per capita): $106,241
- Annual GDP (complete): $426,940,000,000
- Complete employment: 2,572,508
- Complete inhabitants: 4,018,598
2. San Francisco-Oakland-Berkeley, CA
- Annual GDP (per employee): $185,637
- Annual GDP (per capita): $125,260
- Annual GDP (complete): $588,336,000,000
- Complete employment: 3,169,280
- Complete inhabitants: 4,696,902
1. San Jose-Sunnyvale-Santa Clara, CA
- Annual GDP (per employee): $259,532
- Annual GDP (per capita): $182,893
- Annual GDP (complete): $360,511,000,000
- Complete employment: 1,389,082
- Complete inhabitants: 1,971,160
Methodology
The info used on this research is from the U.S. Bureau of Financial Evaluation. To find out the places with the best staff and economies, researchers calculated the whole annual gross home product (GDP) per employee. Within the occasion of a tie, the placement with the better per capita GDP was ranked greater. All statistics are from 2020, the latest yr obtainable. Solely places with at the least 100,000 residents had been included.
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