New Report Ranks Columbia, Md., as Best Place to Work

Sarasota, FL (WorkersCompensation.com) – While the most recent job statistics have indicated that the nation is back to work with a steady jobless rate of 4 percent, the national job total is still 2 million below what it was prior to the pandemic. 

According to a recent WalletHub report, many employers are experiencing a labor shortage, which means that job seekers may use that information to their advantage when it comes to applying for jobs. According to their website, Wallethub offers free credit reports and scores, and other services backed by an artificially intelligent financial advisor. The company has used their credit and financial expertise to create a ranking of the best and worst states to work and live in.

WalletHub compared 182 cities in the U.S. to create a ranking for Job Markets and Socio-economics categories. Analyst used 150 of the most populated cities, and then also included at least 2 of the most populated cities in each state. Job Market and Socio-economics rankings were assessed against 31 specific metrics that were graded against a 100-point scale.

For the Job Market category, analysts reviewed not only employment rates, but also reviewed other related information such as the number of job opportunities, underemployment rates, and more. Other Job Market metrics included industry variety, automation risks, job security and satisfaction, share of engaged workers, benefits and retirement, share of workers in poverty, and the number of employed disabled persons.

The metrics for Socio-economics included median annual income and housing costs, as well as transportation costs, transit scoring, and comparisons of commute times against work hours. Vaccination rates were taken into consideration, as well as crime rates. Other social metrics included dating and family friendliness, as well as recreational opportunities.

Columbia, Maryland ranked first place overall for Socio-economics and second for Job Market. Madison, Wisconsin came in second for Socio-economics but ranked 72 for Job Market. Salt Lake City, Utah ranked in the number one spot for Job Market, but ranked number 23 for Soci-economics.

The cities with the most job opportunities included Columbia, South Carolina, St Louis, Missouri, Orlando, Florida, Salt Lake City, Utah, and Cincinnati, Ohio.

Detroit, Michigan ranked last for Socio-economics, and ranked 173 for Job Market. The city also had the fewest job opportunities, followed by Long Beach and Los Angeles, California, New York City, and Las Vegas, Nevada. Memphis, Tennessee ranked next to last for Socio-economics, and ranked 157 for Job Market. Brownsville, Texas ranked last place for Job Market, and 112 for Socio-economics. Las Cruces, New Mexico ranked next to last for Job Market but 89 for Socio-economics.

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