Last Friday we took a look at the markets around the country with the highest percentages of their total workforce employed in the service sectors; today we’ll take a look at the markets with the lowest.
An interesting aside about last Friday’s data – the top three markets in last Friday’s list, all in Texas, are all ranked highly in both our multifamily and single family emerging market rankings for investors.
As we noted on Friday, we’re also working an a statistical analysis of emerging market strength and a number of variables; one of those that is showing very strong correlation is service sector employment, as well as strong growth in the supersectors that make up service sector employ. We’ll be reporting on these correlations in the first half of next year.
Here are the markets in our database as of today in terms with the lowest percentage of their total workforce employed in the service sectors; data listed represents a 6-month rolling average of employment figures reported by the BLS.
1. Albany, GA 20.7%
2. Salisbury, MD 20.9%
3. Iowa City, IA 23.6%
4. Hinesville, GA 24.3%
5. Pocatello, ID 24.4%Database Average: 40.2%
Database Median: 40.9%
Tomorrow we’ll take a look at the markets in our database with the highest median home prices around the country.
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