Small Town Job Recovery

The nation’s job market is slowly recovering.  Slowly is the proper description when the one year percentage gain to October has been only 1.5 percent.  However, some small-sized cities are moving at a very fast clip.  Here are some examples of top flyers with at least four percent growth from one year ago.  For some like Elkhart-Goshen it is only a recovery after a deep downturn and the market is still in a hole.  For others like Lafayette, something amazing is going on as the employment has hit an all-time local high.  And does anyone know what is going on in Pascagoula, where there are some strange ups and downs?

Lawrence Yun, PhD., Chief Economist and Senior Vice President

Lawrence Yun is Chief Economist and Senior Vice President of Research at NAR. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1 million REALTOR® members.

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