Where Are the Fastest Growing Cities in the U.S.?

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June 24 (Bloomberg) -- Michael McKee reports on the fastest growing cities in the U.S. on “In The Loop.” (Source: Bloomberg)

Cities in the city have that "go west" song in my head.

Buy a lottery ticket.

He did say, go west, young man.

That is where we find the fastest growth.

All of the fastest growing cities, are on the other side of the mississippi river, including four of the top five.

Led by midland, texas.

This is where george h w bush made his fortune.

It will grow 8.4% next year.

That is kind of unbelievable.

Also on the list, naples, florida.

Then st.

George and provo, utah.

All of these numbers come from a new study by ihs.

They just put it out in connection with their latest meeting.

Among the big cities, texas leads the way.

Austin tops a top 10 that includes three cities in the native states.

None of them are in the north or the northeast.

Driving the growth is construction, mining and fracking.

The report does warned that low-paying administrative and support services jobs are expected to be the fastest-growing.

You may go west but not make a fortune.

It does quantify what the people in texas have been arguing.

You get a right -- low regulation state, you get growth.

Tech is moving to austin as well.

That is why the california cities have the same thing going on.

Who are the slowest moving cities?

You probably don't want to be east of the mississippi and you don't want to be in upstate new york.

Five of the 10 worst are in upstate new york.

It is something of an irony.

The biggest and most important city in the country is new york city.

It has a gross metropolitan product that is double the size of the next largest city, los angeles.

If new york were a country, it would be the 13th largest economy in the world.

We are dealing with for savage changes and the law of large numbers, it is large for things to grow the bigger they get.

If you take the 2.4% increase for new york for the rest of the decade, that is $29 billion.

Midland may have a faster growth rate, but that is just $1 billion.

You can understand why new york is growing.

Mike mckee, thank you so much.

The next front on the gas war.

Details are coming up on a new pipeline.

Stay "in the loop." this video of polar bears swimming in the arctic is one more example of how the camera has changed our perspective.

It is kind of amazing.

This text has been automatically generated. It may not be 100% accurate.


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