The US labor market is experiencing a slowdown characterized by decreasing job openings and slower wage growth. However, certain cities maintain robust job markets. SmartAsset performed a study that ranked 348 cities based on job market attractiveness, utilizing Census Bureau data from 2023. Factors included in the ranking were local unemployment rates, median annual earnings, three-year income growth, and the percentage of individuals working remotely. The study reveals notable variances in job market conditions across different cities in the country.
The job market is cooling off due to dropping openings and slowing wage growth, but some cities like Nashville, Austin, and Seattle have thriving job markets.
SmartAsset ranked 348 US cities based on job market attractiveness, using data such as local unemployment rates, median earnings, income growth, and remote job percentages.
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