Metros with a strong concentration of state and federal government jobs, as well as those that are hubs for the financial and technology sectors, have been relatively sheltered from the economic storm caused by COVID-19, according to a study by Yardi Matrix.
The May study found that metros with the highest percentage of "durable jobs," which have seen relatively few layoffs, are often home to a capital, a state university or have a strong knowledge-based industry. Lansing, MI; Washington, DC; Sacramento; San Francisco and Austin, Texas, rounded out the top five spots for the metros with the largest percentage of durable jobs in their markets.
Las Vegas, Milwaukee, Memphis, the Inland Empire and Orlando were in the bottom five.
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Nate Robson
Nate Robson is the U.S. Supreme Court and regulatory editor. Contact him at [email protected]. On Twitter: @Nate_Robson1.
