In a recent ranking of metropolitan areas by Reuters, Detroit and Grand Rapids were recognized among the top 20 “superstar” metro areas nationwide.
Reuters analyzed federal data to rank the top 20 out of 378 metropolitan areas by how their share of national employment changed from 2010 to 2017. This data also revealed that 40 percent of the new jobs generated during that time went to the top 20 places, along with a similar share of the additional wages.
Those cities ranked in the top 20 represent about a quarter of the country’s population and are concentrated in the fast-growing southern and coastal states, with the exception of Detroit and Grand Rapids.
“Michigan continues to elevate its reputation as a national leader in economic growth potential,” says Jeff Mason, CEO of Michigan Economic Development Corp. “Grand Rapids and Detroit were the only metro areas in the top 20 in the Midwest — a testament to both the unique business climate and quality of life advantages Michigan offers companies and talent alike.”
The drop after the first top 20-ranked cities is steep. The next set of 20 cities captured about 10 percent of the jobs created from 2010 through 2017, close to their roughly 7.5 percent share of the population. The bottom 251 cities, many spread across the heartland and in the industrial northeast, lost job share.
According to Reuters, in many ways the country has seemingly recovered from a 2007-2009 recession that was the worst downturn since the 1930s. Unemployment is near a 50-year low, household income has been rising, and the country is at a point in the business cycle when workers typically see their most robust gains. Reuters data analysis, however, shows just how uneven the growth is spread.