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Regardless of the challenges that the COVID-19 pandemic created for the U.S. financial system during the last two years, latest months have proven main indicators of constructive financial information.
The U.S. Bureau of Financial Evaluation estimated that GDP elevated by 7% within the last quarter of 2021, a formidable determine, particularly given a concurrent spike in COVID-19 instances on the finish of final yr. And whereas inflation has been a big stress on many households’ funds, staff in nearly each business have seen wage development because the pandemic started.
The simultaneous will increase in financial productiveness and wages are significantly noteworthy due to the rising hole between these two statistics lately.
The info used on this examine is from the U.S. Bureau of Financial Evaluation. To find out the areas with the most efficient staff, researchers at HireAHelper calculated the entire annual gross home product (GDP) per employee.
Listed below are the big metropolitan areas with the most efficient economies.
15. Charlotte-Harmony-Gastonia, NC-SC
- Annual GDP (per employee): $114,019
- Annual GDP (per capita): $68,852
- Annual GDP (whole): $184,819,000,000
- Whole employment: 1,620,954
- Whole inhabitants: 2,684,276
14. Cincinnati, OH-KY-IN
- Annual GDP (per employee): $114,580
- Annual GDP (per capita): $68,350
- Annual GDP (whole): $152,619,000,000
- Whole employment: 1,331,990
- Whole inhabitants: 2,232,907
13. Baltimore-Columbia-Towson, MD
- Annual GDP (per employee): $116,919
- Annual GDP (per capita): $73,499
- Annual GDP (whole): $205,811,000,000
- Whole employment: 1,760,280
- Whole inhabitants: 2,800,189
12. Houston-The Woodlands-Sugar Land, TX
- Annual GDP (per employee): $117,010
- Annual GDP (per capita): $68,232
- Annual GDP (whole): $488,165,000,000
- Whole employment: 4,172,005
- Whole inhabitants: 7,154,478
11. San Diego-Chula Vista-Carlsbad, CA
- Annual GDP (per employee): $118,796
- Annual GDP (per capita): $72,143
- Annual GDP (whole): $240,411,000,000
- Whole employment: 2,023,738
- Whole inhabitants: 3,332,427
10. Chicago-Naperville-Elgin, IL-IN-WI
- Annual GDP (per employee): $120,473
- Annual GDP (per capita): $73,670
- Annual GDP (whole): $692,988,000,000
- Whole employment: 5,752,239
- Whole inhabitants: 9,406,638
9. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Annual GDP (per employee): $121,012
- Annual GDP (per capita): $71,883
- Annual GDP (whole): $439,055,000,000
- Whole employment: 3,628,203
- Whole inhabitants: 6,107,906
8. Los Angeles-Lengthy Seaside-Anaheim, CA
- Annual GDP (per employee): $122,311
- Annual GDP (per capita): $76,815
- Annual GDP (whole): $1,007,040,000,000
- Whole employment: 8,233,468
- Whole inhabitants: 13,109,903
7. Hartford-East Hartford-Middletown, CT
- Annual GDP (per employee): $128,108
- Annual GDP (per capita): $82,657
- Annual GDP (whole): $99,311,154,000
- Whole employment: 775,213
- Whole inhabitants: 1,201,483
6. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Annual GDP (per employee): $132,624
- Annual GDP (per capita): $88,705
- Annual GDP (whole): $561,028,000,000
- Whole employment: 4,230,210
- Whole inhabitants: 6,324,629
5. Boston-Cambridge-Newton, MA-NH
- Annual GDP (per employee): $139,642
- Annual GDP (per capita): $98,460
- Annual GDP (whole): $480,307,000,000
- Whole employment: 3,439,563
- Whole inhabitants: 4,878,211
4. New York-Newark-Jersey Metropolis, NY-NJ-PA
- Annual GDP (per employee): $152,833
- Annual GDP (per capita): $94,608
- Annual GDP (whole): $1,809,320,000,000
- Whole employment: 11,838,530
- Whole inhabitants: 19,124,359
3. Seattle-Tacoma-Bellevue, WA
- Annual GDP (per employee): $165,963
- Annual GDP (per capita): $106,241
- Annual GDP (whole): $426,940,000,000
- Whole employment: 2,572,508
- Whole inhabitants: 4,018,598
2. San Francisco-Oakland-Berkeley, CA
- Annual GDP (per employee): $185,637
- Annual GDP (per capita): $125,260
- Annual GDP (whole): $588,336,000,000
- Whole employment: 3,169,280
- Whole inhabitants: 4,696,902
1. San Jose-Sunnyvale-Santa Clara, CA
- Annual GDP (per employee): $259,532
- Annual GDP (per capita): $182,893
- Annual GDP (whole): $360,511,000,000
- Whole employment: 1,389,082
- Whole inhabitants: 1,971,160
Methodology
The info used on this examine is from the U.S. Bureau of Financial Evaluation. To find out the areas with the most efficient staff and economies, researchers calculated the entire annual gross home product (GDP) per employee. Within the occasion of a tie, the placement with the larger per capita GDP was ranked greater. All statistics are from 2020, the newest yr obtainable. Solely areas with no less than 100,000 residents had been included.
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