Wednesday, September 30, 2009

Where are the Jobs?

If you're trying to figure out where the jobs are, does a report that shows you what cities currently have the most job postings per capita in United States.

The Top 20 Cities for Job Searches are:
Rank (Last Qtr Rank) Metropolitian AreaJob Postings Per 1000 People
1 (1) Washington, DC133
2 (2) Baltimore, MD90
3 (3) San Jose, CA80
4 (7) Austin, TX56
5 (6) Hartford, CT54
6 (9) Seattle, WA53
7 (8) Salt Lake City, UT52
8 (11) Denver, CO50
9 (5) Boston, MA49
10 (4) Las Vegas, NV49
11 (15) Charlotte, NC49
12 (10) San Francisco, CA47
13 (12) Milwaukee, WI41
14 (30) Atlanta, GA40
15 (13) Cincinnati, OH39
16 (14) Oklahoma City, OK39
17 (22) Orlando, FL37
18 (23) Richmond, VA37
19 (24) Jacksonville, FL36
20 (16) Dallas, TX36

meanwhile the 10 major cities with the fewest jobs per capita are:
40 (44) St. Louis, MO30
41 (39) Portland, OR30
42 (42) New York, NY28
43 (41) Birmingham, AL28
44 (46) Chicago, IL27
45 (43) Riverside, CA26
46 (45) Los Angeles, CA24
47 (47) Buffalo, NY24
48 (48) Rochester, NY19
49 (49) Miami, FL17
50 (50) Detroit, MI15

It probably isn't surprising that Detroit has the fewest jobs per person, and that Washington DC has the most jobs per person. Government jobs and lobbying jobs are in demand as the government runs the printing press to try and save jobs and support the economy. Meanwhile Detroit, LA, Miami, and Chicago are having slimmer pickings.

Tuesday, September 8, 2009

What are the Top Paying Jobs?

If you're looking at what are the highest paying jobs for graduates from college you should consider engineering, economics or physics. has put out a comprehensive list for people by college major (not counting people who have attained a graduate degree). You can see what people currently earn (1 or 2 out of college) and what they earn after ~15 years out of school (i.e. graduated around 1995). It may not surprise you, but the more quantitative the field of study, the more opportunity there is for a higher income.

For many of today's unemployed, this is not a possibility, but if you have a child in high school or college, this is important data that you can provide them when they are trying to decide what major to study.

Friday, September 4, 2009

August Unemployment Rate Increases to 9.7%, U-6 Unemployment Rate Nears 17

Click on Chart for a bigger image.

Today, the Bureau of Labor Statistics stated that the seasonally adjusted unemployment rate in the United States increased 0.3 percentage points in August 2009 to 9.7%. This is the largest percentage of unemployed workers in America since 1983.
When you combine the unemployed with the underemployed, you get the U-6 unemployment rate--which increased to 16.8% in August 2009.
These two data points coupled with the fact that the average work week was just 33.1 hours in August 2009 means that there is a lot slack in the economy and even people with jobs may be nervous that they could lose them.