Despite improving employment rates in the country, Louisiana's Shreveport holds the record for the least-added number of jobs in the country according to a financial publication. Meanwhile, the data also said Tennessee's five cities including Murfreesboro and Franklin, Knoxville, Clarksville, Cleveland, and Morristown have added the most jobs.
According to the Shreveport Times, Shreveport- Bossier in Louisiana registered the least increases in employment opportunities. Citing figures from the 24/7 Wall Street online publication that surveyed employment situations in different US locations, the city had 180,977 jobs in October 2015 and lost approximately 3,000 jobs as it drops to 176,371 by the end of October 2016.
The report indicates that most jobs were lost in the oil and gas sector. Despite such, the report said energy job losses have minimal effect on the region's overall employment.
Cities in Tennessee are part of the 25 US cities that added the most jobs in the country in the last year. According to The Leaf Chronicle -- citing data from 24/7 Wall Street -- Murfrees and Franklin, Knoxville, Clarksville, Cleveland and Morristown added the most jobs due to "a variety of factors" that doubled the national employment growth rate.
The data indicated that Cleveland had a 7.31 percent employment growth with an unemployment rate of 4.7 percent adding 57,700 jobs as of October 2016. It had only added 53,770 last October 2015. The report indicates that Cleveland's professional and business services industry allowed it to grow its employment steadily.
The US economic growth is reaching stability and may soon slow down by the time US President-Elect Donald Trump claims office -- ending President Barack Obama's term with a strong note. Employment growth is high with an estimated 188,000 jobs added into the jobs market.
Analysts said that manufacturing and energy sector jobs suffered tremendously and could continue to suffer because of US trade deficits. The oil value recovery in the last few weeks due to the OPEC oil production limitations could help boost back employment numbers for both industries in the future.
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