Growth by Metro Area:
Indeed.com 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 survey of job advertisements show the job market is strongest in Washington DC, NYC NY, Baltimore MD and San Jose CA. Washington has been at the top of the list for a while, as federal government spending remains high. San Jose dropped a few spots in the past month, while NYC gained. The remainder of the 10 top job markets are geographically in the Northeast, North Central, and Northwest US (plus Austin): Hartford CT, Seattle WA, Boston MA, Cleveland OH, Austin TX, Milwaukee WI all share a 1:2 ratio. In addition, Richmond VA, Denver CO and San Francisco CA are also at 1:2 ratio of unemployed to job advertisements.
Who would have thought we’d be talking about Cleveland and Milwaukee as two hot spots of the job market?
At the opposite end of the spectrum is Las Vegas NV (#48, 1:7), Detroit MI (#49, 1:8) and Miami FL (#50, 1:8). Florida has the unfortunate distinction of having 2 of the worst 10 job markets - Jacksonville (#41, 1:4) and Miami (#50, 1:8). California has 3 of the worst 10 job markets - Sacramento (#45, 1:5), Riverside (#46, 1:5), and Los Angeles (#47, 1:7).
Some of these ratios improved slightly last month, while others fell. New Orleans dropped another 10 spots (after dropping 13 spots in June) due to oil spill related job losses and Rochester NY slipped 11 spaces. This indicates that job growth continues to be very inconsistent - where there is growth, it's generally at a slow pace. However, the ratios are improving in markets overall while still at an agonizingly slow pace.
SimplyHired: Job Competition by Metro Area
SimplyHired publishes it’s data a month later, so their most recent figures are from June 2010. SimplyHired also looks at job competition including mid-sized metro areas.
SimplyHired listed the best 5 Metro areas as: Burlington VT/Plattsburgh NY, El Paso TX/Las Cruces NM, Paducah KY/Cape Girardeau MO/Harrisburg IL, Washington DC/Hagerstown MD, and Des Moines IA/Aimes IA.
The website listed the 5 worst job markets as: Fresno CA/Visalia CA, Harlingen TX/Weslaco TX/Brownsville TX/McAllen TX, Youngstown OH, and Detroit MI.
Best and Worst Markets for Job Search - June 2010
Chart Source: SimplyHired.com
To summarize the findings of these reports, we're seeing continued slight job growth suggesting a slow recovery is still at it's tentative stages. The temporary bubble due to census jobs should is past and won’t have an effect on future month’s hiring.
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June 2010 Employment Trends Show Mixed Results
May 2010 Hiring Trends Show Continued Slow Improvement
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