But the job market isn’t bad everywhere in the country. According to the latest data from the Bureau of Labor Statistics, 20 metropolitan areas have unemployment rates below 5%. Several of them have unemployment rates below 4%.
While every city’s economy is different, there are several themes we can pull from the 21 cities in the gallery: Many of them have a state-run university or college in the region, or are the capital of the state where they are located.
While government can be intrusive into business at times, having a large government institution such as a college, capital or university in your city does create a stable workforce with relatively-decent salaries. In the case of a college or university town, the students constantly going in and out of the region can be an economic plus. For capitals, you have a state government’s entire bureaucracy and related services located in the region.
Where does Utah rank?
p = preliminary.
NOTE: Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for the current month are subject to revision the following month.
Source: Bureau of Labor Statistics
Read more: Forbes
