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10 Least Competitive Job Markets
2009-08-18
It's not always useful to talk about the condition of the job market nationally, because job markets can be quite different between cities. There are plenty of reasons for this, including differences in how local industries have fared, and how volatile home values have been through the recession. Also, some cities entered the downturn with higher unemployment rates. [See 5 things to know about hiring right now] For a look at how competitiveness for jobs varies between metros, a new report from job search engine Indeed.com ranks the nation's 50 most populous cities by the ratio of job postings to the number of unemployed workers in June. Indeed does a broad comb of company and association websites, job boards, newspapers, and blogs for its postings. Washington is, no surprise, the city that had the most job postings for the number of unemployed in June, with a ratio of 6 to 1. Of course, the nation's capital tends to draw job seekers from throughout the country, as opposed to just the local pool of workers, which certainly cranks up the competitiveness. Jacksonville is a suprising no. 2 spot, given its June unemployment rate of 10.5 percent. If employers are ramping up hiring, the Labor Department data should improve in the coming months. Both Baltimore and New York moved up four spots from past rankings, according to Indeed, suggesting that either those job markets are improving, or there were seasonal conditions that boosted postings for the month in those cities. [See 9 things to know about the job market of the future] The top 10 cities are ranked below, along with their ratios. (Note that the ratios are rounded, and the rankings reflect the unrounded data.) 1. Washington, D.C. 6:1 2. Jacksonville, Fla. 3:1 3. Baltimore, Md. 1:1 4. Salt Lake City 1:2 5. New York, NY.. 1:2 6. San Jose, Calif. 1:2 7. Hartford, Conn. 1:2 8. Oklahoma City, Okla. 1:3 9. Austin, Texas 1:3 10. Boston 1:3 Next, the bad news: the last-ranked and most competitive job market--by far--was Detroit, which had 18 unemployed job seekers for every job posting in June. Miami was second to last, with 10 unemployed workers for every posting. Southern California's metro area ratios also depicted a challenging environment for job seekers--Riverside and Los Angeles were ranked in the bottom four. You can read the whole list here.
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 Weekly jobless claims drop below 500,000 (2009-11-25) | | Electronic Arts to cut 1,500 jobs (2009-11-09) | | Jobless rate tops 10 pct. for first time since '83 (2009-11-06) | | Obama: Hiring last to come as economy rebounds (2009-11-02) | | US Airways, American Airlines cut 1,700 jobs (2009-10-28) | | US new jobless claims up again (2009-10-22) | | Obama looking at all options for creating jobs (2009-10-18) | | New jobless claims fall to 521K, lowest since Jan. (2009-10-08) | | Jobless claims hit 9-month low, retail sales rise (2009-10-08) | | Even as layoffs persist, some good jobs go begging (2009-10-04) | | U.S. jobless rate hits 26-year high of 9.8 percent (2009-10-03) | | US jobs picture may worsen in coming months: Obama (2009-09-20) | | New jobless claims drop unexpectedly to 545K (2009-09-17) | | For the jobless, Labor Day is hardly a holiday (2009-09-05) |  10 Least Competitive Job Markets (2009-08-18) | | Lockheed Martin aerospace division to cut 800 jobs (2009-08-17) | | Jobless NYC woman sues college for $70K in tuition (2009-08-03) | | More Job Seekers Are Relocating For Work (2009-07-27) | | The End of Unemployment Benefits: 5 Things to Know (2009-07-27) | | New jobless claims rise to 554K, total rolls fall (2009-07-23) | | Identity Thieves Target Job Seekers (2009-07-15) | | Crisis spurs people to work for free - good or bad? (2009-07-13) | | Jobless claims drop, data skewed by auto jobs (2009-07-09) | | 565K new jobless claims, lowest level since Jan. (2009-07-09) | | As economy drops jobs, paychecks drop some weight (2009-07-02) |
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