Ryan Avent looks at Perry’s “Texas Miracle” and finds that it is a product of our four major cities. Dallas was second to New York in creating jobs in the last year. Dallas and Houston alone accounted for 10 percent of all new jobs in the U.S. One reason is energy, of course. Another reason is our tight government regulation of home financing (yes, government regulation!). But the third is our availability of housing and our openness to newcomers, wherever they come from:
Yet the big secret to success is Texan cities’ willingness to capitalize on their advantages through an extraordinary openness to growth. Relative friendliness to immigration is one source of strength. Between them, Dallas and Houston welcomed over 600,000 new residents from abroad over the past decade. That welcoming spirit extends to other Americans attracted by low housing costs.
That may explain Dallas, Ryan, but what about New York, which beat even Dallas in job creation? Top cities for job growth after the break.Â
| U.S. Metro Area | Jobs added from July 2010 through July 2011 |
| 1) New York-Northern New Jersey-Long Island | 71,700 |
| 2) Dallas-Fort Worth-Arlington | 65,400 |
| 3) Houston-Sugar Land-Baytown | 65,100 |
| 4) Boston-Cambridge-Quincy | 60,100 |
| 5) Chicago-Joliet-Naperville | 33,200 |
| 6) Seattle-Tacoma-Bellevue | 32,800 |
| 7) San Jose-Sunnyvale-Santa Clara | 29,600 |
| 8) Los Angeles-Long Beach-Santa Ana | 29,400 |
| 9) Phoenix-Mesa-Glendale | 22,300 |
| 10) Miami-Fort Lauderdale-Pompano Beach | 22,000 |
