Friday, July 17, 2009

Job Prospects in the 50 Biggest US Cities

Via Matt Yglesias (via Ryan Avent), an interactive map of job listings per capita for US cities:

job listings map

Washington, DC has far and away the most job listings - more than 132 per 1000 people. And Baltimore easily takes second, with more than 90. As Yglesias notes, "the metro DC economy is in better-than-average shape and I think that may have a distorting influence on how the hill and the press are seeing the national economic picture which continues to be very bleak despite the fact that the financial panic has ameliorated." The media centers of the US, however, aren't doing nearly so well: New York has less than 28 job listings per 1000 people, and LA has less than 24.

The techie cities of San Jose, Seattle, and Austin are all doing relatively well; the Rust Belt not so much - of Midwestern cities, only Milwaukee has more than 40 jp/k, and Detroit has the fewest of any city: less than 15. Miami is in second-worst shape, with just over 17. The full ranking of the 50 metros are listed with the map here.

26 comments:

Andrew said...

Only about half the population is in the labor force, so if you double the number for the metro area, that tells you what percentage of the labor force could find a job if they were qualified and willing to take any advertised job.

Most of these areas have between and 6 and 8% job vacancy rate (30 to 40 job openings per 500 labor force participants).

Theoretically, then, most metro-urban unemployment could be solved by matching the unemployed to actual jobs, assuming they are qualified.

Richard said...

That assumes 1 posting per job, which is almost never the case, and that all these postings are for valid jobs (which is also not the case, because almost all companies are mandated by law to post a job opening when they have one, even though they may already have to decided who they wanted to hire from either inside or outside the organization). It also assumes there are no more layoffs/firings, which certainly isn't the case now. 30-40 new jobs per 500 isn't a as impressive when 50 old jobs per 500 are being lost.

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