Saturday, October 27, 2007

September 2010 Employment Trends - Flat as a pancake - 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 September 2010 survey of job advertisements show the job market is strongest in Washington DC, San Jose CA, Baltimore MD, NYC NY and Cleveland (???) OH. Washington has been at the top of the list for a while, as federal government spending remains high. San Jose and Baltimore each gained a spot at the expense of NYC. The remainder of the 10 top job markets are geographically in the Northeast, North Central, and Northwest US (plus Austin): Cleveland has a 1:1 ratio, while Hartford CT, Boston MA, Seattle WA, Milwaukee WI and Austin TX, all share a 1:2 ratio. In addition, the top 21 job markets are at at least a 1:2 ratio of unemployed to job advertisements.

At the opposite end of the spectrum is Los Angeles CA (#48, 1:6), Riverside CA (#49, 1:6) and Miami FL (#50, 1:8). Florida has the unfortunate distinction of having 3 of the worst 10 job markets - Orlando (#43, 1:4) Jacksonville (#44, 1:4) and Miami (#50, 1:8). California now has 4 of the worst 10 job markets - San Diego (#40, 1:4) Sacramento (#45, 1:5), Los Angeles (#47, 1:6), and Riverside (#49, 1:6).

Some of these ratios improved slightly last month, while others fell. Rochester NY and Buffalo each picked up 5 spots, while Chicago IL and Cincinnatti OH each picked up 4 spots. On the other hadn Portland OR dropped 6 spots and Salt Lake City UT dropped 4. This indicates that job growth continues to be spotty - we are starting to see some growth in some selected places, but it typically hasn’t been sustainable in multiple months. The ratios are improving in markets overall but improving slowly.

To summarize the findings of these reports, we're seeing continued slight job growth suggesting a slow recovery remains tentative and inconsistent. The effects of census jobs are over and won’t have an effect on future hiring.

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Amy Reinhart said...

Phil, do you know if these statistics are for the city proper, metro area, or greater *city* area?


Phil Rosenberg said...

Amy, I think these are metro numbers.