Forbes: Miami 3rd Worst Job Market In U.S.

MIAMI (CBS4) – The Sunshine State has long been the destination for people looking to escape the big cities. But, as the Great Recession hit, the jobs vanished from Florida as quickly as they appeared.

Now, some of Florida’s biggest cities have garnered even more negative ratings in a new Forbes survey of the worst job markets in the country.

Forbes ranked the best and worst job markets in the country, and Florida had three major cities in the top 10, led by Miami.

The list pegged Miami as the number 3 worst job market in the country. With unemployment over 12 percent, it’s not hard to follow Forbes’ logic. The website found that there are more than 9 applicants for every one position in the city.

Forbes said the real estate initially knocked Miami down, but trade, tourism and Miami’s Latin American connection could change things in a hurry.

“Miami’s recovery will be among the fastest in the nation,” Moody’s wrote about the city. The only problem is that many of the new jobs that will be created will be low-paying service-sector positions, according to Forbes.

Orlando and Jacksonville also ranked in the top 10 worst job markets at number 10 and 9 respectively.

So where should you go to have the best chance of getting a job? Forbes found that Washington, D.C. was the best job market.

D.C.’s federal government jobs have helped stave off the recession in the area. But, Forbes warned that a large reduction in government spending could slow the District’s hiring rate.

Still, with companies needing to woo the federal government for lucrative contracts, many will still relocate to the area and bring jobs with them.

Boston was the second-best job market on Forbes’ list followed by: Austin, Texas; Minneapolis, Minnesota; and Oklahoma City, Oklahoma.

  • Robert Rogers

    This is definitely not the list Miami wants to be on. Hopefully we as a community can create a way to change over the being one of the best job markets. We definitely have the human capital to make it possible.

  • Mike

    I have been looking for a job for well over a year now after graduating college. If you do not speak fluent Spanish = no job. If you are not related to a Cuban already working inside the company = no job. I have learned that when a company opens positions in Miami, the Cubans will call every one of their relatives, cousins, friends, animals, etc., and get them hired before the public has a chance. I’m not saying this to sound prejudiced. I have talked to hiring managers and some of the English speaking Americans who are left in this county and they all tell me the same thing.

  • Walk like and Egyptian

    Ive been unemployed for 3 years after my job was outsourced overseas. Now my credit is ruined and the only job I can get requires bilingualism. But being a native of Miami- I know what they really mean when they say bilingual- they really mean Spanish only. They dont care how well you speak English-only that you DO speak Spanish Ive heard Cubans say ” we built this town; we own it” What they really mean is we invaded and conquered this town. I am tired of Cubans asking me why I havent taught my children Spanish!! If I lived in any other part of the US (which I think Miami is still oart of) English is the language of this country. And my husband is hispanic. He doesnt take his Spanish for granted. He speaks English when spoken to in Spanish. We that still speak English need to move out of town to get a job. Its already happening. Will you be next?

  • Dozer

    Probably has a lot to do with Miami being the most corrupt city in America. And the most latino city in America. Connections anyone?

    • King Dong

      LOL no kidding! It’s like Miami has all the crime, violence, corruption and poverty of a third world south american country….. oh, wait…..

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