2015/06/15

Here are the best cities to find a job in 2015

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  • This map shows the 10 cities with lowest unemployment rates, where jobs are begging for workers.
    Unemployment is down to 5.5% nationally. It’s good new for job hunters, but it may have some benefits for all in the workforce. Wages seem to be on the rise, although different measures offer conflicting views on how much. According to the Bureau of Labor Statistics, at the end of the first quarter of 2015, real hourly compensation was up 1.8% over the previous year and jumped at an annualized rate of 5.5% compared to the last quarter of 2014. And in 2014, voluntary quits were up 10.4% over 2013, which means people have been increasingly willing to leave one job for another.
    These indicators suggest that reduced unemployment is likely tightening the labor market and driving up compensation. It’s basic economics: The more people that are employed, the fewer available to an employer for a given position. The fewer candidates available, the poorer the employer’s bargaining position.
    If you want a job, looking in a geographic area with unemployment rates lower than the national average is probably a good idea. Hiring managers can’t as easily say, “Thank you—next!” There are other benefits, as well. The tighter the labor market, the more companies have to entice candidates away from competitors with better wages, among other things. You also have more options if you find that a particular company won’t be a fit. Negotiation suddenly tips more in your favor.
    A city’s unemployment rate isn’t the only factor that affects your ability to land a job, of course. Some places may have any employers in a specific industry like healthcare, tech, insurance, energy, or manufacturing. That’s good for a job seeker in that field, by not such a benefit if you’re a stone cutter in a land of bankers. Large natural disasters could potentially take a location from a hotbed of hiring to a candidate for an economic recovery ward in a matter of hours. Some regions might offer tax breaks that encourage companies to hire. But all other things being equal, low unemployment is a boon to a candidate.
    To that end, Fortune combined Census population data with Bureau of Labor Statistics unemployment rates by metropolitan area to find how average unemployment rates fared for the 100 largest cities in the country. They ranged from 2.1% in Lincoln, Nebraska to Bakersfield, California’s 10.3%, big swings from the national rate of 5.5%.
    For a list of all the cities with a current unemployment rate of less than 4% unemployment, here’s an interactive map.
    Here are the top 10 cities. Major industry information and selections of some of the largest employers come from City-Data.com, metropolitan chambers of commerce and other sources.
    Photograph by Matthew Busch — Bloomberg via Getty Images Lincoln, Nebraska
    Photograph by Yiming Chen — Getty Images
    Rank: 1
    Population: 272,996
    Unemployment Rate: 2.1%
    Industries: Government, communications, distribution, wholesaling, train manufacture and repair, flour and feed milling, grain storage, and diversified manufacturing
    Largest employers: State of Nebraska, University of Nebraska-Lincoln, Bryan Health, U.S. Government, Saint Elizabeth Regional Medical Center, Burlington Northern Railroad, Kawasaki Motors Mfg. Corp.  KWHIY 0.30% 

    Omaha, Nebraska

    Photograph by Edward M. Eveld — Kansas City Star MCT via Getty Images
    Rank: 2
    Population: 446,599
    Unemployment Rate: 2.8%
    Industries: Trade, transportation, utilities, education, health services, and professional and business services, with some manufacturing, construction, mining, and information
    Largest employers: Offutt Air Force Base, Alegent Creighton Health, Methodist Health System, The Nebraska, First Data Corp.Union Pacific  UNP 0.15% , First National Bank of Omaha, ConAgra Foods  CAG -0.30% 

    Austin, Texas

    Photograph by Anne Rippy — Getty Images
    Rank: 3
    Population: 912,791
    Unemployment Rate: 3.0%
    Industries: Advanced manufacturing, clean energy and power transfer, corporate headquarters and regional offices, creative and digital media technology, data management, life sciences
    Largest employers: State of Texas, Dell Computer, IBM  IBM -1.02% , University of Texas at Austin, Seton Healthcare Network, Whole Foods Market  WFM -0.22% 

    Lubbock, Texas

    Photograph by Denis Jr. Tangney — Getty Images
    Rank: 4
    Population: 243,839
    Unemployment Rate: 3.0%
    Industries: Energy, engineering, warehousing and distribution, call centers, information technology services, software, education, and healthcare
    Largest employers: Texas Tech University, Covenant Health, University Medical Center, United Supermarkets, Convergys  CVG -1.50% 

    Madison, Wisconsin

    Photograph by Henryk Sadura — Getty Images/Tetra images RF
    Rank: 5
    Population: 245,691
    Unemployment Rate: 3.1%
    Industries: Healthcare, agriculture, advanced manufacturing, biotechnology, bio-agriculture, bio-medicine, and R&D
    Largest employers: Epic Systems Corp, American Family Insurance, Kraft Foods/Oscar Mayer  KRFT 0.24% ,Covance Laboratories  CVD 0.00% CUNA Mutual, Sub-Zero and University of Wisconsin-Madison

    Irvine, California

    Photograph by Patricia Marroquin — Moment Editorial/Getty Images
    Rank: 6
    Population: 248,531
    Unemployment Rate: 3.3%
    Industries: Corporate offices, healthcare, semiconductors, software, aerospace, and telecommunications
    Largest employers: Walt Disney; University of California, Irvine; St. Joseph Health; The Irvine Company

    San Antonio, Texas

    Photograph by Danita Delimont — Getty Images/Gallo Images
    Rank: 7
    Population: 1,436,697
    Unemployment Rate: 3.4%
    Industries: Business and IT services, biomedical and biotechnology, energy, auto manufacturing, healthcare, financial services, military
    Largest employers: H-E-B, USAA, Cullen / Frost Bankers, Valero Energy, Rackspace, Southwest Research Institute, Toyota Motoring Manufacturing

    Oklahoma City, Oklahoma

    Photograph by Chris Pritchard — Getty Images
    Rank: 8
    Population: 620,602
    Unemployment Rate: 3.4%
    Industries: Aerospace, biotechnology, energy, business services, transportation and logistics, healthcare, hospitality and entertainment, telecommunications
    Largest employers: State of Oklahoma, Tinker Air Force Base, FAA Mike Monroney Aeronautical Center, INTEGRIS Health, Hobby Lobby Stores, OGE Energy  OGE -0.82% 

    Minneapolis/St. Paul, Minnesota

    Photograph by Henryk Sadura — Getty Images/Moment Open
    Rank: 9
    Population: 704,847
    Unemployment Rate: 3.5%
    Industries: Corporate offices and business services, agriculture and water technology, health and life sciences, technology, and financial services
    Largest employers: UnitedHealth Group  UNH -0.28% US Bancorp  USB -0.73% 3M  MMM -1.06% ,Target  TGT 1.30% , Medtronic  MDT -0.09% ,Ameriprise Financial  AMP -0.27% General Mills  GIS -0.60% Ecolab  ECL -0.36% Xcel Energy  XEL -0.76% Best Buy  BBY -0.47% 

    Honolulu, Hawaii

    Photograph by Getty Images
    Rank: 10
    Population: 350,399
    Unemployment Rate: 3.6%
    Industries: Tourism, military, defense, defense contracting, agriculture, and biotech
    Largest employers: Hawaii Electric Industries  HE -0.53% , Hawaii Medical Service Association, Matson  MATX -0.67% , Aloha Petroleum, Alexander & Baldwin  ALEX -0.70% 

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