US Metro Employment (Jul.)

Almost all metros saw further gains in total employment in July, with Dallas continuing to lead, and joined by Houston, Charlotte and Miami as the fastest growers. But office-based employment growth was more varied. There remain three metros where the number of office jobs is still below pre-pandemic peaks, while in D.C., San Diego and Sacramento, the number of office jobs has declined in three of the last four months. This suggests we may be entering the next phase of the pandemic-driven impact on office work.