Miami Named Third Worst Job Market in the Country by Forbes
It's not a particularly great time to be unemployed in America right now, a fact far too many of us know first hand, and if you're looking for a job in South Florida things aren't looking too good. Forbes.com has ranked Miami as the third worst job market in the country. Though, the site cites analysis that say Miami is ready for a big job comeback. Unfortunately, many of those jobs won't be of the highest caliber.
Worst, No. 3: Miami, Fla.
Unemployment rate: 12.1%
Job-seekers per opening: 9.16
The real estate bust knocked Miami to its knees, and the region is still on the mend economically. But trade, tourism and Miami's ties with Latin America could bring a swift reversal of fortune. "Miami's recovery will be among the fastest in the nation," housing issues notwithstanding, says a recent analysis by Moody's Economy.com. Many jobs will be low-paying service-sector positions, however.
Ouch, that's almost 10 people for every job opening. So if you just got hired, whether it be some sweet six figure job or just part-time at the Gap, consider yourself lucky.
So, basically you might have better chances at employment anywhere in the country. Just don't move to Riverside, California, or Las Vegas, Nevada. Those are the only markets with dimmer job prospects. Washington, D.C. is apparently the place to relocate. That city was ranked as having the best job market.
Get the Weekly Newsletter
Our weekly feature stories, movie reviews, calendar picks and more - minus the newsprint and sent directly to your inbox.