Like other major tourism destinations, Tampa was hit hard during the Great Recession, shedding 140,700 jobs at the downturn’s nadir and seeing real estate prices drop nearly 20 percent.
The area’s economy is nearly back to its pre-recession size, however, and only 11 major U.S. cities have fewer employees per capita living below the poverty line.
Tampa’s workforce is also the eighth-best paid, when cost of living is taken into account, and also benefits from the 9th most diverse industrial mix.
These facts any many others go into the ranking of Tampa as the No. 3 city to land a job by WalletHub. Miami ranked No. 30 and Jacksonville No. 35 as the only two other Florida metros rated as prime employment ares
Sometimes the grass truly is greener on the other side of the fence. The financial turmoil of the past few years certainly lends credence to that notion, as the Great Recession’s disproportionate impact on local economies spawned a 24-point unemployment rate difference between the most and least bountiful major U.S. cities.
More than 100 million people have moved within the past five years, according to data from the U.S. Census Bureau, and 48 percent of unemployed individuals have picked up their roots in search of a job over that timeframe. This societal mobility stands to be a major asset for job seekers as the economy improves. In fact, 2014 is expected to be a strong year for hiring, with 27 percent of employers planning to hire, according to the National Association for Business Economics, and a projected 8 percent bump in the number of recent college graduates who land jobs, per the National Association for Colleges and Employers.
As an advocate for the health of consumers’ wallets, WalletHub decided to analyze the relative employment opportunities in the 60 largest U.S. cities in order to give people a sense of where on the map the strongest job markets and greatest prospects for long-term financial security can be found. It did so using 13 unique metrics, ranging from job openings per capita and industry variety to cost of living and the prevalence of employer-provided health benefits.