Memphis gets low grade as job-seekers’ market

job-seeker“Getting a better job” is one of the most popular New Year’s resolutions in the U.S. Non-farm employment is expected to grow by nearly 220,000 jobs per month, and unemployment is predicted to fall to 5.4 percent by the fourth quarter in 2015.

With those factors in mind, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s “Best & Worst Cities to Find a Job.”

WalletHub analyzed 150 of the most populated cities across 16 key metrics and found that:

  • Memphis ranks 146 out of 150 as one of the worst cities for job seekers.
  • The monthly median starting salary is three times higher in San Jose, Calif., than in Laredo, Texas.
  • The unemployment rate for high school graduates is seven times higher in Detroit than in Laredo, Texas.
  • The unemployment rate for people with a bachelor’s degree or higher is 11 times higher in Port St. Lucie, Fla., than in Sioux Falls, S.D.
  • The number of part-time employees for every 100 full-time employees is three times higher in Tallahassee, Fla., than in Plano, Texas.
  • The percentage of the workforce living under the poverty line is two times higher in Lincoln, Neb., than in Oceanside, Calif.
  • The median annual income (adjusted for cost of living) is three times higher in Plano, Texas, than in Newark, N.J.

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