Business

Inside the numbers: Milken index for Fayetteville

Posted October 15, 2010 10:39 a.m. EDT

Fayetteville soared in the new Milken cities’ index due primarily to big jumps in new jobs (third nationally) and wages (sixth nationally) over the past year.

How Fayetteville ranks:

  • 5-year job growth: 11
  • 1-year job growth: 3
  • 5-year wages: 10
  • 1-year wages: 6
  • Job growth April 2009 to April 2010: 16
  • 5-year high-tech GDP: 56
  • 1-year high-tech GDP: 186
  • Combined metropolitan area high-tech location quotient during 2009: 179
  • Number of high-technology industries with a location quotient (LQ) about the U.S. average of 1.0 during 2009: 200