""Finance firms relocating to Miami or Dallas since the pandemic began are having a meaningful impact on the distribution of job availabilities," Jacob Rowden, senior manager of U.S. office research at JLL, told Fortune. "Before the pandemic, Texas and Florida housed about 16.2% of financial services employment in the country, today that's rapidly approaching 18%. That 2% shift reflects almost 2 million jobs, so it's a robust and significant improvement in local labor markets.""
""Still, New York City claimed the No. 1 spot, followed by the San Francisco Bay area, Los Angeles, Boston, and Chicago. Some of that can be attributed to the concentration of university students nationally, according to JLL. While Texas and Florida boast the third- and fourth-highest concentrations of college students, the Sun belt houses 143,000 students, compared to 174,000 in Midwest states and more than 282,000 students on the East Coast, JLL reported.""
Recent college graduates increasingly choose Florida and Texas as primary job markets. Corporate headquarters relocations since 2020 have driven job growth in those states, especially in financial services. Financial firms moving to Miami and Dallas have raised the share of national financial services employment from about 16.2% to nearly 18%, a shift representing nearly two million jobs. Five of the top twenty talent hubs for recent graduates are in Florida or Texas: Dallas–Fort Worth, Houston, Austin, Miami/South Florida, and Orlando. Major traditional talent centers such as New York City, the San Francisco Bay Area, Los Angeles, Boston, and Chicago remain top-ranked.
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