Job Markets That Are Here to Stay

You’re on the hunt for your next great job. You’ve got a resume that pops and you’ve tapped in to your social network — but before you dive deep into interview preparation and scour the internet for career tips, you should stop to give some thought to the job market. Finding the right market for your talents is an essential part of job prep, but it can get overwhelming — fast.

The term “job market” can mean many things. On the one hand, it can take into account physical locations where jobs can be found. On the other hand, it can also discount physical location entirely and focus on competition, open positions, and economic stability.

This means various factors can affect whether a particular market is on the rise or in decline. COVID-19 has majorly changed this landscape.

At the beginning of 2020, The Wall Street Journal presented its ranking for the hottest U.S. job markets. That list predicted the top five cities would be:
Austin
Nashville
Denver
Seattle
San Francisco

Then, we entered a global pandemic. Now, new research from MoneyRates.com shows that an entirely different list of cities are weathering the volatile job market better than the rest and showing the promise of staying power as the country adjusts to a new normal. The study took into account unemployment rates, job seekers per job opening, and the percentage of the market made up of industries deemed most vulnerable to the crisis.

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