As the state of California has noticed a decrease in the number of individuals unemployed, it is important to take a look at the cities, throughout the state, that are best when looking for a job. In order to determine the best cities to find a job, experts have to look at positions that are available in each area, as well as jobs that are on the rise, and those which are declining.
WalletHub analysts completed a comparison of the top 150 most populated cities in the United States against a range of about 17 key metrics. These metrics spanned from job opportunities available in each city to the rate of employment growth. The National Association for Business Economics expects that non-farming positions will grow to over 200,000 jobs per month because the national unemployment rate has fallen to 4.7 percent. Recent college graduates are expected to see the biggest boost in both job prospects and their earning potential. The National Association of Colleges and Employers has stated that in 2015, more than 60 percent of employers wanted to start raising starting salaries for those with a Bachelor’s degree. These statistics helped WalletHub with their findings, including the best cities to find a job in California.
How WalletHub Ranks
To begin, WalletHub analysts looked at the main dimensions, which include Job Market and Socioeconomic Environment. They believe that these two categories will have the most heavy influence. Each of these two categories looked at subcategories, which had their own total number of weighted points, totaling 100. Values ranged between 0-100, with 100 being the best value. In the category of Job Market, subcategories include Job Opportunities, Employment Growth, Monthly Median Starting Salary, Unemployment Rate, Industrial Variety, Full-time Employment, Percentage of Employed Residents Living Under the Poverty Line, and Disability Friendliness. The Socioeconomic Environment category included subcategories of Median Annual Income, Time Spent Working and Commuting, Benefits, Housing Affordability, Annual Transportation Costs, Safety, Families ranking, Singles ranking, and Recreation ranking.
Each of the 150 cities WalletHub looked at was given an overall, calculated score, which allowed them to develop a ranking. To learn more about the specific calculations, click here.
Top cities in California to find employment
Making the top 10 best cities to find employment was Irvine, California which was ranked 7. San Francisco was ranked 15, Fremont was ranked 17, San Jose was ranked 46, and Oceanside was ranked 76. Irvine actually ranked 4th overall in the highest number of job opportunities. Unfortunately, cities in California such as Fresno and Stockton ranked as some of the most difficult cities to find a job and slowest growing.
WalletHub’s findings compare cities throughout the entire nation. Even though cities in California didn’t dominate the list, doesn’t mean that people in the state are going to have a hard time finding a position. In fact, WalletHub developed similar analytics in 2015 to determine California had the largest increase among 32 states, which saw their employment numbers go up. More information can be found here. Hopefully job growth will continue in one of the most populous states in the nation!