Saturday, July 7, 2007

June 2010 Employment Trends Show Mixed Results - Page 3

Growth by Metro Area - publishes a monthly report of where the jobs are, giving insights into which job market is strongest and which is weakest. Indeed's job market survey shows slightly increased job advertising activity, demonstrating very slow growth.

Indeed's July 2010 (based on June numbers) survey of job advertisements show the job market is strongest in Washington DC, San Jose CA, Baltimore MD and NYC NY. Washington has been at the top of the list for a while, as federal government spending remains high - San Jose shared the top spot with DC since April 2010, while Baltimore and NYC joined last month. The remainder of the 10 job markets are geographically spread throughout the US (with the exception of the Southeast US): Hartford CT, Boston MA, Austin TX, Milwaukee WI, Seattle WA and Denver CO, all sharing a 1:2 ratio. In addition, Cleveland OH, Salt Lake City UT, Richmond VA, San Francisco CA, San Antonio TX, and St. Paul MN are also at 1:2 ratio of unemployed to job advertisements.

At the opposite end of the spectrum is Los Angeles CA (#48, 1:7), Detroit MI (#49, 1:7) and Miami FL (#50, 1:8). Florida has the unfortunate distinction of having 3 of the worst 10 job markets - Orlando (#41, 1:4), Jacksonville (#43, 1:4) and Miami (#50, 1:8). California also has 3 of the worst 10 job markets - Sacramento (#45, 1:5), Riverside (#46, 1:6), and Los Angeles (#48, 1:7).

However some of these ratios improved slightly last month, while others fell. New Orleans dropped 13 spots due to oil spill related job losses, while Oklahoma City (a former employment bright spot) slipped 12 spaces. This indicates that there job growth is spotty, and where there is growth, it's at a very slow pace.

Chart source: Job Trends

To summarize the findings of these reports, we're seeing continued mixed and slight job growth suggesting a slow recovery is still at it's tentative stages. The temporary bubble due to census jobs should be past and won’t have an effect on future months.

Compared to the lousy news over the past 12-18 months, even small signs of growth are welcome news.

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