Matthew Kirdahy, 01.10.08, 12:00 PM ET

The Lone Star State shines brilliantly in a list of the best places to work in the U.S. when some economists peer into their crystal balls for 2008.

Austin, Fort Worth, Houston and San Antonio all rank high on the latest forecast data from Moody’s (nyse: MCO - news - people ) Economy.com. McAllen, Texas, is expected to have the highest job growth rate, as its leisure and hospitality, educational and health services and commercial construction jobs flourish.

“While the economy is cooling, Texas continues to generate more jobs than the national average,” said Krista Piferrer, deputy press secretary to Gov. Rick Perry. “Unemployment is low in Texas, thanks in large part to a favorable business climate that encourages businesses to expand or relocate to our state.”

In Pictures: Best Cities For Jobs 2008

Even still, Salt Lake City, in all its tech-job abundance, looks like it will remain No. 1 since Forbes.com’s most recent ranking ( see last year’s story).

To compile the rankings for the Best Cities For Jobs list forecast, we used five data points, weighted equally: the state’s unemployment rate, job growth, income growth, median household income and cost of living for full-year 2006 (only partial data is available so far for 2007). We measured the largest 100 metropolitan areas, as defined by the U.S. Census Bureau, and obtained the data from Moody’s Economy.com.

The numbers are compiled based on greater metropolitan areas; it’s also important to note that this list doesn’t weigh specifics like job composition or job stability, two significant characteristics that will appeal to any job seeker.

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Tags: austin, economy, growth, jobs //