May 2010 Hiring Trends Show Continued Slow Improvement - page 3

Growth by Metro Area - Indeed.com:

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 stronger job advertising activity, demonstrating slow growth.

Indeed's June 2010 (based on May results) 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 has been high - San Jose shared the top spot with DC since April 2010. However, Baltimore and NYC improved in June to join DC and San Jose with a 1:1 ratio of unemployed per job advertisements. The top 10 job markets are geographically spread throughout the US (with the exception of the Southeast US). Hartford CT, Oklahoma City OK, Salt Lake City UT, Seattle WA, Boston MA, Milwaukee WI, Denver CO, Austin TX, San Antonio TX, San Fransisco CA, and (believe it or not) Cleveland OH are all at 1:2 ratio of unemployed to job advertisements.

At the opposite end of the spectrum is Los Vegas NV (#48, 1:6), Detroit MI (#49, 1:7) and Miami FL (#50, 1:8). Florida has the unfortunate distinction of having 4 of the worst 10 job markets - Tampa (#40, 1:5), Jacksonville (#42, 1:4), Orlando (#43, 1:5), 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, 1:6).

However, these ratios continue to improve month over month through 2010 - even in the hardest hit markets. This indicates that there is still job growth, but it's also growing at a very slow pace.

Chart source: Indeed.com Job Trends

Growth by Metro Area - CareerBuilder:

CareerBuilder discussed BLS job growth by metro area - BLS also considers midsized metros in it's rankings. CareerBuilder reported that the strongest metros for total number of jobs added in April 2010 were:

Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.
Kennewick-Pasco-Richland, Wash.
McAllen-Edinburg-Mission, Texas
Ocean City, N.J.
Elkhart-Goshen, Ind.

However, based on percentage increases, the top metros as of April 2010 were:

Ocean City, N.J.
Kennewick-Pasco-Richland, Wash.
Jacksonville, N.C.
Manhattan, Kan.
St. Joseph, Mo.-Kan.

To summarize the findings of these reports, we're seeing continued slow job growth suggesting a slow recovery is still at it's early stages. These aren't big increases, and they are inconsistent from industry to industry, but they are measurable.

Compared to the lousy news over the past 12-18 months, any sign of growth signifies more good news.

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