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(Rock County, WI) Excerpts Courtesy of NewGeography

According to the 2015 Best Cities for Job Growth, which is an index released by NewGeography.com, the Janesville-Beloit Metropolitan Statistical Area (MSA) was ranked #1 in the U.S. – in the small cities category – for Information Sector Jobs.  This index, which measures and calculates industry sector employment data from the U.S. Bureau of Labor Statistics per their North American Industry Classification System (NAICS), provides a snapshot of a MSA’s present and prospective employment outlook.

MSA employment data was measured and weighted according to the following mathematical computation to 1) recent growth trend: the current and prior year’s employment growth rates, with the current year emphasized (two points); 2) mid-term growth: the average annual 2009-2014 growth rate (two points); 3) long-term momentum: the sum of the 2009-2014and 2003-2008 employment growth rates multiplied by the ratio of the 2003-2008 growth rate over the 2009-2014 growth rate (one point); 4) current year growth (one point); and 5) the average of each year’s growth rate, normalized annually, for the last 10 years (two points).

The weighted index score for the Janesville-Beloit MSA was 99.3. Meanwhile, Rochester (MN) was ranked #2 with a total weighted score of 94.3 Of the Top 20 MSA locations in this specific industry sector ranking, four were from Wisconsin. In the Medium Cities category, the Madison MSA was ranked #6. In terms of overall employment growth, according to all NAICS groupings in the small cities category, the Janesville-Beloit MSA was #71 out of 258. This was an improvement from its 2014 index ranking of #94.

These rankings follow a pattern of consistent, upward trending economic indicators for Rock County, WI. For example, the area’s unemployment and industrial vacancy rates continue to fall pre-Great Recession levels. Sales Tax collections remain very strong and tracking along a yet projected year of record-setting collection figures. Residential price points and transaction activities have returned to their pre-Recession levels, respectively. Meanwhile, the number of bankruptcy and foreclosure filings for the area are declining. Growth and usage, as reported by Alliant Energy’s electric meter data, continue to climb upward. Lastly, the number and scope/scale of the commercial and industrial projects announced throughout Rock County is extremely steady. This data, as well as other relevant marketplace information, can be found online by visiting www.RockCountyAlliance.com .

NewGeography.com is devoted to analyzing and discussing economic development, metropolitan demographics, and community leadership. It is a joint venture of Joel Kotkin and the Praxis Strategy Group .


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