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.