Colorado Springs is the top U.S. city for employment growth and the nation’s fifth-best place to find a job, according to a report released today.
Work and commute times and housing affordability in Colorado Springs were average among the cities surveyed.
Scottsdale, Ariz. ranks No. 1 on the list of strongest local job markets, followed by Columbia, Md., Orlando, Fla. and San Francisco, Calif., while Newark, N.J., Las Cruces, N.M. and Fayetteville, N.C. were named the worst places to find a job.
The report, “2019’s Best Cities for Jobs,” released today by finance website WalletHub, compares 182 cities across 30 key indicators of job-market strength. Those include job opportunities, employment growth, average starting salary, job satisfaction, industry variety, median annual income, share of workers in poverty, access to internships, unemployment rate and commute time.
Key results for Colorado Springs (1 = best; 91 = average) include:
- 1st — employment growth
- 45th — job opportunities
- 21st — unemployment rate
- 86th — monthly average starting salary
- 56th — percentage of workforce living in poverty
- 23rd — median annual income (adjusted for cost of living)
- 90th — housing affordability
- 90th — average work and commute time
Among neighboring cities, Denver ranked 13th on the list of best places to find a job, Aurora came in at No. 48, and Cheyenne, Wy. ranked 104th.
According to the report, U.S. Bureau of Labor Statistics figures show the national unemployment rate has fallen to an eighteen-year low of 3.7 percent while hiring is up.
“College graduates, especially, will see a strong boost in their job prospects,” the report said. “According to the National Association of Colleges and Employers, employers plan to hire 16.6 percent more members from the Class of 2019 than from the previous graduating cohort. But your luck of finding work depends largely on location.”
Data used to create the rankings were collected from the U.S. Census Bureau, Bureau of Labor Statistics, Federal Bureau of Investigation, U.S. Department of Housing and Urban Development, Council for Community and Economic Research, Indeed, Center for Neighborhood Technology, The Pew Charitable Trusts, National Conference of State Legislatures, Glassdoor, ManpowerGroup, Chmura Economics & Analytics, Chegg, Kellogg School of Management, Northwestern University, Gallup-Sharecare, Walk Score and WalletHub research.