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Analysis

Metro Job Gains Slower Than Expected

The nation’s top cities averaged just 4,600 new jobs per market last month

By Kristen Smithberg | June 28, 2024 at 05:22 AM

Hiring among U.S. employers accelerated in May despite persistent high interest rates and slower consumer spending, but job gains at the metro level were less than expected.

Only six of the top 10 markets for employment gains increased their 12-month totals from April, adding an average of just 4,600 jobs per market, according to an analysis by RealPage, based on employment data provided by the Bureau of Labor Statistics. In the remaining four markets, annual job gain totals decreased.

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