The Nashville area led the nation in job growth last year, with a 3.9 percent increase from 2011 to 2012, according to revised labor data recently released.
Revised 2012 data from the Bureau of Labor Statistics shows job growth in the Nashville Metropolitan Statistical Area — which includes Davidson County, and surrounding areas including Franklin and Murfreesboro — was highest among other metropolitan areas with populations greater than 1 million.
Houston came in a close second, with 3.83 percent job growth, followed by Austin, Texas, with 3.55 percent.
Mayor Karl Dean alluded to positive news about job growth in the city at a briefing with reporters on Tuesday. In a statement Wednesday, he called the news “evidence of the vibrant economic conditions” in the city.
“Nashville ranking as the No. 1 region in the country for job growth in 2012 is evidence of the vibrant economic conditions that we see here,” Dean said in a release from the Nashville Area Chamber of Commerce. “This achievement is a testament to the collaborative efforts of the private sector, the public sector and the Chamber over many years to create the conditions that help produce a strong economy and job growth in Nashville.”
The ranking, read the chamber’s release, “also reaffirms the fact that Nashville continues to emerge from the recession stronger than many of its peer cities.”
“Strong job growth in the Nashville area stems from both new and existing business relocation and expansion across industry sectors,” said Garrett Harper, vice president of research for the chamber. “The diversity and resilience of the Nashville economy continue to produce extraordinary growth.”
William Braddy, senior vice president and private client advisor for the Nashville office of U.S. Trust, said Nashville has seen consistent strong economic growth that can be attributed to various factors.
"[These include] an increased focus on specific industries such as health care, local economic investment and quality of life factors," Braddy said. "With no state income tax, Nashville is an attractive city for entrepreneurs and business owners, as we’ve seen an increase in local business growth along with an influx of national corporations moving their North American headquarters here. We’ve also seen an increase in foreign business, specifically Japanese companies — such as Bridgestone Firestone and Nissan — that have invested in our local economy."