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24/7 Wall St.: Fastest Growing Cities in America

10. El Paso, Tex.

Change in population: 2.5%
Population 7/11: 665,568
Population 4/10: 649,152
Average annual city unemployment (2011): 9.5%
Increase in jobs (2010 to 2011): 2,700 (0.97%)

El Paso’s population increased by 16,416 over just 15 months, from April 2010 to July 2011. Job opportunities in the city and its surrounding area also grew at that time, and the city’s unemployment rate was down 0.7% percentage points year-over-year as of May 2012. While the metro region only added a few thousand jobs, the majority came in the l eisure and hospitality industries. Perhaps inspired by these developments, the El Paso City Council has recently set forth plans to build a baseball stadium using tax revenue generated by the city’s hospitality industry.

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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