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Most jobs are in San Antonio

Sunday, December 18th, 2011

The most jobs in the nation are in San Antonio, according to a new survey.

The Milken Institute’s annual survey of Best Performing Cities said that San Antonio topped the list of 200 large metros, and Houston scored No. 1 among the 10 biggest U.S. metros.

Texas metros occupied four of the Top 5 positions (vs. three last year), and nine of the Top 25 (vs. 11 in 2010). Despite continuing national economic weakness, the Texas job machine continued to crank out employment gains: Its employers created one of every six new jobs in the United States in the year through October.

Texas benefits from a lower reliance on durable goods manufacturing, low business costs, the ongoing consolidation of military bases, increased trade with Mexico and South America, continued energy exploration and development, and aggressive recruiting of employers from less business-friendly states.

“There were some common themes among top-performing metro areas across the country,” says Ross DeVol, the Institute’s chief research officer and one of the report’s authors. “Many that did the best were those that took advantage of the boom in energy production and increased investment in equipment by businesses. And it is no accident that the housing markets showing the most resilience are in cities with growing employment.”