As oil prices continue to hover around $50 thanks to the oil glut, these nine US markets are feeling the greatest impact. The US accounts for almost 14% of the world's total oil production and these markets are affected the most, according to Cushman & Wakefield's recent oil report.
(All stats for a year ending June 30, 2016)
)
1. Denver
Contribution to US Energy Sector: 6%
Employment Growth Ranking (by % change in employment out of 390 cities): 39
Vacancy Rate Ranking (out of 65 top cities): 24
2. Fort Worth
Contribution to US Energy Sector: 16%
Employment Growth Ranking (out of 390 cities): 203
Vacancy Rate Ranking (out of 65 top cities): 28
3. Houston
Contribution to US Energy Sector: 17%
Employment Growth Ranking (out of 390 cities): 315
Vacancy Rate Ranking (out of 65 top cities): 57
4. New Orleans
Contribution to US Energy Sector: 8.5%
Employment Growth Ranking (out of 390 cities): 286
Vacancy Rate Ranking (out of 65 top cities): 19
5. North Dakota
Contribution to US Energy Sector: 13.3%
Employment Growth Ranking (out of 390 cities): 386
Vacancy Rate Ranking (out of 65 top cities): 3
6. Oklahoma City
Contribution to US Energy Sector: 13%
Employment Growth Ranking (out of 390 cities): 298
Vacancy Rate Ranking (out of 65 top cities): 53
7. Pittsburgh
Contribution to US Energy Sector: 6%
Employment Growth Ranking (out of 390 cities): 347
Vacancy Rate Ranking (out of 65 top cities): 12
8. San Antonio
Contribution to US Energy Sector: 5%
Employment Growth Ranking (out of 390 cities): 33
Vacancy Rate Ranking (out of 65 top cities): 45
9. Tulsa
Contribution to US Energy Sector: 14%
Employment Growth Ranking (out of 390 cities): 362
Vacancy Rate Ranking (out of 65 top cities): 58
)
)
)
)
)
)
)
)
)
)
)
)