Secrets of the Job Hunt


Thursday, February 11, 2010

Jobs in Miami Ranked 45th

A new report from Forbes ranks the chances of getting jobs in Miami among the worst in the country.

In its "America's Best and Worst Job Markets" report, Forbes assessed each metro area's overall labor market health by combining the current Bureau of Labor Statistics unemployment rate with the ratios for each area.

Every month, determines the ratio of job seekers to job openings in each metro area by compiling a list of job openings and dividing them into the number of unemployed people in that area.

Miami was ranked 45th for its job market, making it one of the worst in the nation. The city currently has an unemployment rate of 10.9 percent and 13.8 job seekers per open position. Why is what once was one of the hottest cities in the country in this position?

"Overbuilt real estate and a slump in tourism and hospitality have taken a toll on this Sun Belt destination," Forbes states. "This year's Super Bowl has hotels and restaurants filled for a few days, but it all goes poof after Sunday."

The 10 worst job markets in the nation include:
41. Tampa, Fla.
42. Portland, Ore.
43. Orlando, Fla.
44. Los Angeles, Calif.
45. Miami, Fla.
46. Providence, R.I.
47. Sacramento, Calif.
48. Riverside, Calif.
49. Las Vegas, Nev.
50. Detroit, Mich.

On the flip side, the top 10 job markets are:
1. Washington, D.C.
2. Salt Lake City, Utah
3. Oklahoma City, Okla.
4. Baltimore, Md.
5. San Antonio, Texas
6. Austin, Texas
7. Denver, Colo.
8. Boston, Mass.
9. Pittsburgh, Pa.
10. Hartford, Conn.

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