Job losses in Midland ranked fourth worst in country

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Job losses in Midland ranked fourth in the country by percentage over a two-year period ending in March, according to company website AdvisorSmith.com.

The study ranked 394 US cities using data provided by the US Bureau of Labor Statistics.

Midland has ranked fourth in the worst job growth overall – and among “mid-sized cities”. Midland’s -16.3% growth from March 2019-21 ranks behind Kahului, Hawaii (-25.5%); Lake Charles, Louisiana (-20.7%); and Odessa (-19.2 percent). “

The rest of the top 10 included Honolulu, Hawaii (-13.8%); State College, Pennsylvania (-12.5%); Santa Cruz, California (-12.4%); Ithaca, New York (-12.0%); Atlantic City, New Jersey (-11.6%) and New York (-11.5%).

The decline in employment has been more significant in the past 12 months. Statistics show an employment level in Midland of 112,500 in March 2019. This number fell to 112,400 in March 2020 and to 94,200 in March. The study showed an employment level of 84,200 in Odessa in March 2019. This number fell to 81,600 in March 2020 and to 68,000 last March.

The cities with the best job growth, according to AdvisorSmith.com, were Ocean City, New Jersey (12%), St. George, Utah (8.5%) and Idaho Falls, Idaho (7.7%).

The cities in Texas with the best job growth were Austin (1.8%), Waco (1.6%) and Dallas (0.1%).

The report also says that between March 2019 and March 2021, the United States lost around 6.1 million jobs. This represented a decline of 4.1 percent over the two-year study period (an annualized decrease of -2.1 percent).



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