Tuesday, January 18

10 best places for career opportunities in 2021


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Editor’s Note: This story originally appeared on SmartAsset.com.

According to the US Bureau of Labor Statistics, more than 6 million people reported not working at all or working fewer hours in June 2021 because their employer had closed or lost business due to the coronavirus pandemic.

While the record unemployment rate of 14.7% in April 2020 forced many to budget Carefully and cautiously changing jobs, June 2021’s much lower rate of 5.9% is leading some workers to reexamine their careers. SmartAsset analyzed data from various sources to identify and rank the metropolitan areas with the best career opportunities in 2021.

To determine which locations are the best, we analyzed 200 metropolitan areas on seven metrics: unemployment rate, change in total employment over the past year, median income, income growth, annual housing costs, number of career counselors, and number of students. post-secondary. teachers.

This is SmartAsset’s 2021 edition of our study on the best places for career opportunities. Take a look at the 2020 edition here.

For details on our data sources and how we gathered all the information to create our final rankings, see the data and methodology section at the end.

Below are the best places for career opportunities in 2021.

1. Lafayette-West Lafayette, IN

Lafayette Indiana
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The Lafayette-West Lafayette metropolitan area in Indiana had 16.4% more nonfarm payroll workers in April 2021 compared to the same month in 2020. That’s the 15th highest rate of the 200 metropolitan areas in the east. study.

Unemployment in Lafayette-West Lafayette is also relatively low, at 3.5% in April 2021.

Meanwhile, income growth over time, or the percentage change in median income for households where the head of the household was between 25 and 44 years old compared to those in which the head of the household was between 54 and 64 years, it is almost 22%, ranking 25. overall.

2. Detroit-Warren-Dearborn, MI

Detroit, Michigan
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In Michigan’s Detroit-Warren-Dearborn metropolitan area, the number of workers on payroll grew more than 25% between April 2020 and April 2021, the third-highest growth rate of the 200 metropolitan areas in our study.

The Detroit area also posted an unemployment rate of 3.7% in April 2021, the 25th lowest on our list.

3. Rochester, New York

Rochester, Minnesota
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Rochester, New York, is in the top 30 metropolitan areas in three metrics.

Has the 29th best change in total employment from April 2020 to April 2021 (14.07%), the 15th highest number of career counselors per 1,000 workers (3.55), and the fifth highest number of postsecondary teachers per 1,000 workers (38.05).

4. Ann Arbor, MI

Ann Arbor, Michigan
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Home to the University of Michigan, Ann Arbor has the highest number of postsecondary teachers per 1,000 workers (87.67) and the 45th most career counselors per 1,000 workers (2.61).

Ann Arbor’s unemployment rate of 4.0% ranks 40th lowest out of 200 metropolitan areas surveyed, while its income growth over time (24.90%) is the 11th highest in the study.

5. Huntsville, AL

Huntsville Alabama Cityscape Skyline
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After coming in at No. 2 in last year’s rankings, Huntsville is in fifth in this year’s edition.

Huntsville had the lowest unemployment rate of the 200 metropolitan areas (2.2%) in April 2021 and the sixth highest income growth over time (29.58%).

Additionally, the Huntsville median income of $ 43,590 is ranked 45th overall.

6. Binghamton, New York

Binghamton, New York
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Binghamton, New York, ranks in the top quarter of metropolitan areas in four metrics. It has the 47th highest one-year change in total employment (12.34%) and the 23rd lowest average annual cost of housing (about $ 9,900).

According to BLS data, Binghamton has the 10th highest concentration of career counselors (nearly four per 1,000 workers) and the 15th highest concentration of postsecondary education teachers (about 29 per 1,000 workers) of the 200 job areas. our study.

7. Syracuse, New York

Syracuse New York
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Workers seeking career opportunities in Syracuse, New York, can be happy to know that there are many professionals available to help.

There are 3.53 professional counselors and 37.67 higher education professors for every 1,000 workers in the metropolitan area. Syracuse also has the 46th highest median income in our study, at nearly $ 43,600.

8-West Jordan, UT

cars in utah
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Provo-Orem had the third lowest unemployment rate (2.4%) in April 2021 of the 200 metropolitan areas in this study.

Home to Brigham Young University, this area of ​​Utah also has a high rate of income growth over time (fifth overall, at 30.76%) and number of professional counselors per 1,000 workers (fourth in general, 4.57 per 1000 workers).

9. Lansing-East Lansing, MI

Lansing, Michigan
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Lansing-East Lansing is the third Michigan metropolitan area in our top 10. It has the 25th highest number of professional counselors per 1,000 workers, at 3.09, and the highest median income, 38th, at $ 44,640.

Additionally, from April 2020 to April 2021, total employment recovered by 11.72%, the 60th highest rate in our study.

10. Buffalo-Cheektowaga-Niagara Falls, New York

Buffalo, New York
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The Buffalo-Cheektowaga-Niagara Falls metropolitan area in New York completes our list of the 10 best places for career opportunities in 2021. It ranks in the top 20 metropolitan areas by two metrics: one-year change in total employment (13, 37%) and the number of post-secondary education teachers per 1,000 workers (26.74).

Buffalo-Cheektowaga-Niagara Falls also has relatively low median annual housing costs, less than $ 10,600.

information and methodology

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To determine the best places for career opportunities in 2021, we analyzed data from 200 of the largest metropolitan areas in the US using these seven metrics:

  • Unemployment rate for April 2021. The data comes from the Bureau of Labor Statistics.
  • One-year change in total employment. This figure shows the percentage change in total employment from April 2020 to April 2021. Data comes from the Bureau of Labor Statistics.
  • Average income. This is the average annual income of all workers. The data comes from the Bureau of Labor Statistics and is from 2020.
  • Income growth over time. This is the percentage change in median income for households where the head of the household was between 25 and 44 years old compared to those where the head of the household was between 54 and 64 years old. The data comes from the 2019 Census Bureau 5-Year American Community Survey.
  • Average annual housing costs. The data comes from the Census Bureau’s 2019 5-Year American Community Survey.
  • Number of career counselors for every 1,000 workers. The data comes from the Bureau of Labor Statistics and is for 2020.
  • Number of post-secondary education teachers per 1,000 workers. The data comes from the Bureau of Labor Statistics and is for 2020.

First, we rank each metropolitan area on each metric. Then, we find the average ranking for each area, giving all metrics equal weight except for the number of career counselors and the number of higher education teachers, each of whom was given half the weight.

Metropolitan areas were ranked according to this average. The metropolitan area with the highest average ranking received a score of 100. The metropolitan area with the lowest average ranking received a score of 0.

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