knbc.com
Tuesday, July 8, 2008, 8:28 pm
Search 
Search IBS  Search the Web

More
WORST JOBS EVER


Forbes Announces Best Cities For Jobs

Big Apple, Windy City, Bumped From Top Ten

POSTED: 9:29 am PDT October 24, 2007
UPDATED: 6:24 am PDT October 25, 2007

Job seekers in 2007 should be turning their eyes to the South and the West, according to a new study by Forbes magazine.

In its annual Best Cities for Jobs list, nine of Forbes’ top 10 cities either lie below the Mason-Dixon line, or west beyond the Rocky Mountains. None of the major U.S. cities like New York, Los Angeles or Chicago made the top 10. New York, considered the financial capital of the world, came in at No. 63, up from its No. 99 ranking in 2005.

To compile the rankings, Forbes used five data points. They were unemployment rate, job growth, income growth, median household income and cost of living for 2006 because only partial data is so far available for 2007. The data was applied to the largest 100 metropolitan areas, as defined by the U.S. Census Bureau, and data was also obtained from Moody's Economy.com.

  1. Salt Lake City
  2. Salt Lake City, which topped the list, moved up from No. 6 last year and No. 12 in 2005. Traditionally, Salt Lake City’s economy has been driven by mining and steel, but its conversion to a center for tech-based industries has propelled it to the top of the list. The city has the second lowest rate of unemployment, the fourth-highest job rate growth and the fourth-highest income rate growth.

  3. Raleigh, N.C.
  4. Raleigh fell from its previous No. 1 ranking, which it held for 2005 and 2006. It has a stable housing market, and Duke, the University of North Carolina and North Carolina State University attract educated workers and tech firms. It is 17th in unemployment, fifth in job growth, and 12th in cost of living.

  5. Phoenix
  6. Phoenix is ranked No. 1 on the list for job growth and fifth for income growth. But according to Forbes, its No. 1 job growth ranking is due in a large part to a housing development, and given the recent housing bust it should fall on next year’s list.

  7. Jacksonville, Fla.
  8. Jacksonville made a gigantic leap on the list, rising from a No. 42 ranking last year. It is ninth in lowest unemployment, 20th in job growth and 22nd in income growth. It sports the second largest port on the East Coast, making it the leading transportation and distribution hub in the state.

  9. Orlando, Fla.
  10. Like Phoenix, Forbes expects Orlando to fall in future lists due to the downturn in the housing market. It was ranked 15th last year, is 10th in job growth and has the fifth lowest unemployment.

  11. Tulsa, Okla.
  12. Tulsa moved up from No. 35, mostly due to a large increase in the income growth rate, at which it ranks seventh. Tulsa has diversified business base, which includes aerospace, construction, high technology, transportation, telecommunications, manufacturing, healthcare, education, and energy.

  13. Austin, Texas
  14. Austin is another city that moved up significantly after being ranked 23rd on last year’s list. It has become a center for high-tech companies and has attracted workers due to its lower housing costs than Silicon Valley. Thousands of graduates every year from the University of Texas at Austin keep the tech industry with a steady flow of educated workers

  15. Albuquerque, N.M.
  16. Albuquerque moved up from No. 24 on last year’s list. It is the first time it has ranked in the top ten in income growth, coming in at No. 10. Like other cities that have moved up on the list, Albuquerque is a center for high-tech companies and government projects that have fueled its growth.

  17. Wichita, Kan.
  18. Wichita, the lone representative from the Midwest on the top ten, ranked No. 57 on last year’s list. Known as the Air Capital of the World, it is home to McConnell Air Force Base and six aircraft manufacturing companies.

  19. Oklahoma City, Okla.
  20. Another rapid mover, Oklahoma City ranked 67th on last years list. It ranks sixth in income growth, 15th in cost of living and 25th in unemployment. Oklahoma City has been a traditional base for energy companies like Chesapeake Energy and Devon Energy, but its economic growth has partly been fueled by diversification into fields like information technology and health services.


Links We Like
Heart health is more than just eating right and exercising. Learn what you need to know to lower your risk of heart disease. More

If you’re in the market for a new home or you’re planning on building your dream home you need to make sure you follow the correct steps. Find everything you need to know here. More

Keep your resume on point and remove unnecessary clutter with these five easy steps. More

From the 7 best foods we never eat to how you should climb the food pyramid, we have all you need on nutrition – and what to eat to get it. More

Like online video? Then you'll love Now See This.

Links We Like includes a selection of information, tools and resources from our partners and sponsors.

Small Business Features

Small Business
Many businesses can't afford television commercials and radio slots during prime time, but that doesn't mean there aren't effective advertising options out there. More


Workers
Starting a small business nowadays takes a rugged individualism approach. More


Business Deal
There is no reason for Small business owners to fear the Internet. Setting up one's own Web site can be cheap and easy. More


Shaking Hands
Traditional ways of communication are out – online is in. But what ways are there to replace established methods and be more efficient at the same time? More


Entrepreneurship is a proving ground in the business world. Startups are often a test of a person's drive, skills set and capitalist spirit. More


feature
A North Carolina man turned his weekend shopping hobby into a business. Two decades later it’s worth $80 million. More
Slideshow: Hobby Into Millions

Edward W. Scripps has some pretty novel notions about how to make money. More


Sponsored Links

Small Business

Launching a business isn't for wimps. Before taking the plunge, ask yourself these six questions.

For young people hankering to start a business, we have some advice.


Portions 2008 Internet Broadcasting Systems, Inc. All rights reserved.
Terms of Use | Privacy Policy | Advertising Information | Contact Us