Friday, May 27, 2011

Worst Cities to Find Jobs

As this survey from U.S.News & World Report notes, Sacramento is number 3.

An excerpt.

“Perhaps the best way to view the current U.S. jobs situation is with guarded optimism. Unemployment has dropped from its peak, but slowly and unevenly. The economy continues to add jobs, but hourly wages have posted recent drops. Health and education are seeing employment growth, but construction and the public-sector are also shedding jobs. For would-be workers in some U.S. cities, however, optimism may be out of the question. Data shows that some metropolitan areas, led by several large cities in California and Florida, are experiencing particularly difficult job market recoveries.

“According to Paul Forster, CEO and founder of job search website, cities whose economies rely heavily on recession-ravaged industries, like manufacturing, construction, and tourism, are having difficulties improving their employment situations. Las Vegas, which relies heavily on the leisure industry, and auto manufacturing center Detroit are two prime examples. Manufacturing lost over 2 million jobs from the start of 2008 through the end of 2009, and employment in the performing arts, as well as at tourist destinations like museums, historical sites, zoos, and parks, has recently shown only anemic growth, according to figures from the Bureau of Labor Statistics.

“But improvements are underway in many of these cities. Forster points out that, while the job situation in the hardest-hit cities may appear bleak, the statistics have shown marked improvement over the last 12 months. "Of the 10 cities with the most population per job posting, there are 62 percent more jobs on average than a year ago," says Forster, citing Miami as an example. In that city, the ratio of unemployed people to job postings in January was around 6:1. Now, that figure has dropped to just over 4:1. In addition, some of the most troubled areas of the economy are seeing upswings in job creation. Manufacturing has added nearly 200,000 jobs in the last year, and some areas of the leisure industry, like gambling, recreation, and food services, are also adding jobs.”