Forbes recently released its 2011 List of Best and Worst Job Markets in the United States. The Minneapolis-St. Paul area found itself at number 4 on the Best Job Market List. Washington, DC was rated number 1 on the Best list followed by Boston and then Austin. Las Vegas was named the Worst Job Market in the US.
The Twin Cities employment market is expected to be fully recovered by mid-2011, according to Moody’s Economy.com. This is far early than what is expected nationally. The unemployment rate is 6.5%, under the national average. For every position there are 2.68 job seekers. Professional service jobs and manufacturing are the sectors expected to bring job growth to Minneapolis-St. Paul in 2011
The 2011 list of Best and Worst Job Markets was compiled by using unemployment data from the US Bureau of Labor Statistics and the Job Search Difficulty Index from JuJu.com. Additional analysis of trends came from Moody.
To see a slideshow of the entire 2011 Best and Worst Job Markets List, click here.