In the midst of darkness, there was a ray of hope last week when the unemployment rate hit a six and a half year low of 5.6%. This meant that the employers added up to 250,000 odd jobs. But the unhappiness still continues because more than 8.7 million Americans are out of work. The ones who are on the lookout for a job one of the major questions which need to be answered is about the city in which they want to look for the job.
The article titled ‘The Best and Worst Cities for Jobs’ in 2015, which was written by Kathryn Dill was based on the data which was collected by an organisation called WalletHub which is a one-stop destination for all the tools and information consumers and the small business owners need to make for financial decisions and save money.
The data used for this research was collected from various sources.
This data was gathered from 150 cities and also 16 metrics including the listings which were available on a job search site called Indeed.com, a site which tends to be loaded with various low-wage positions like receptionist, home health aide and retail associate.
There is another company called Nerd Wallet which helps people in leading better lives through financial education and empowerment and has released its list of the best cities for job seekers. NerdWallet is a company based in San Fransisco.
But it looked at a comparatively smaller pool of 100 towns and used a standard metrics which were slimmed down like the rate of unemployment, the average income of workers, the average monthly homeowner costs and also the two-year population growth rate for the working age adults between the years 2009-2013.
The statistics for the unemployment rate were obtained from the Bureau of Labour Statistics and the remainder of the data from Census Bureau. Comparatively the information presented on NerdWallet is less comprehensive than the one offered by WalletHub, but the filters used are more efficient.
The top ten cities to work according to the list of NerdWallet are:
- Lincoln, NE: The unemployment rate of this city is 2.3% which is the lowest in the nation, and the average rent is just about $722, which is the lowest on the list of this site. Some of the large employers here include Burlington Northern Railroad, University of Nebraska-Lincoln and many other medical centres.
- Fort Worth, Texas: This place is located approximately 30 miles off Dallas. The unemployment rate is just 3% and has a working-age population growth rate of 10% which is quite impressive. One of the big employers here is American Airlines parent AMR Corp. And the average income of full-time workers is $40,600.
- Charlotte, NC: This is the nation’s second largest banking centre after New York. The working-age population of this place has increased by a rapid 68%, and this city has some of the large employers like the bank Lowe’s and Duke Energy. And the unemployment rate is 4.1% the average income of full-time workers here is $42,000.
- Columbus, Ohio: The unemployment rate of this city is around 3.1% which is not that bad. The growth rate of the working-age population between the years 2009-13 is around 12%, and the average income of the full-time workers is $40,700. The average monthly rent is roughly$809.
- Minneapolis, MN: The city of Minneapolis has an unemployment rate of 2%, and the working age population has been growing at the rate of 5.37% between the years 2009-2013. The average household income of the full-time workers is $45,600, and the average monthly rent is $852.
- Denver, Colorado: The average income of the full-time workers of this city is $45,200. The growth rate of the working-age population between the years 2009-2013 is 8.68%. The unemployment rate is around 3.7%. The median monthly rent is $852.
- Austin, Texas: The growth rate of the working-age population in this city has been growing at the rate of 47%, and the unemployment rate is 4%. The average monthly rent is $1008, and the median income of the full-time workers is around $43,000.
- Greensboro, North Carolina: The median income of the full-time workers is $37,000. The unemployment rate is around 4.2%. Between the years 2009-2013, the growth rate of the working-age population was around 11.17% and the median monthly rent costs about $741 .This, when compared to other cities. is slightly less expensive.
- Portland, Oregon: The city has an unemployment rate of around 1%, and the median monthly income of the full-time workers is $49,600. The growth rate of the working population between the years 2009 and 2013 is 9.57%. The median monthly rent is $956.
- Oklahoma City, Oklahoma: The city boasts of the median income of full-time workers at $36,700. The unemployment rate is around 3.9%. And the growth rate of the working age group of the population from the year 2009 to 2013 is 9.31%. The median monthly rent is $747.
So its time that the residents of US who are actively seeking employment opportunites made the most of this report and relocate or take the necessary actions accordingly.