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 August 2010 survey of job advertisements show the job market is strongest in Washington DC, NYC NY, San Jose CA and Baltimore MD. Washington has been at the top of the list for a while, as federal government spending remains high. San Jose gained last month, after dropping a few spots a few months ago, while Baltimore dropped a spot. The remainder of the 10 top job markets are geographically in the Northeast, North Central, and Northwest US (plus Austin): Hartford CT, Cleveland OH, Seattle WA, Boston MA, Austin TX, Milwaukee WI all share a 1:2 ratio. In addition, Denver CO, Richmond VA, and St. Paul MN are also at 1:2 ratio of unemployed to job advertisements.
I remain shocked that we’re still talking about Cleveland and Milwaukee as two hot spots of the job market? It’s about as likely as the Cubs winning the World Series (or even making the playoffs).
At the opposite end of the spectrum is Los Angeles CA (#48, 1:7), Detroit MI (#49, 1:8) and Miami FL (#50, 1:8). Florida has the unfortunate distinction of having 3 of the worst 10 job markets - Orlando (#42, 1:4) Jacksonville (#43, 1:4) and Miami (#50, 1:8). California continues to have 3 of the worst 10 job markets - Sacramento (#45, 1:5), Riverside (#47, 1:7), and Los Angeles (#48, 1:7).
Some of these ratios improved slightly last month, while others fell. New Orleans increased 7 spots (after dropping 10 spots in July and 13 spots in June) as the fishing industry started to recover from oil spill related job losses, while Memphis TN picked up 7 spots, Houston TX picked up 6 spots, Atlanta GA picked up 6 spots, and Birmingham AL picked up 5 spots. 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.
Chart source: Indeed.com Blog
SimplyHired: Job Competition by Metro Area
SimplyHired publishes it’s data a month later, so their most recent figures are from July 2010. SimplyHired also looks at job competition including mid-sized metro areas.
SimplyHired listed the best 5 Metro areas as: Burlington VT/Plattsburgh NY, Paducah KY/Cape Girardeau MO/Harrisburg IL, El Paso TX/Las Cruces NM, Omaha NE, 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, Las Vegas NV and Detroit MI.
Best and Worst Metros for Job Seekers - July 2010
Chart Source: SimplyHired.com
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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