Providence Ranked One of Hottest Job Markets in 2020

Providence Ranked One of Hottest Job Markets in 2020

Providence will be one of the hottest job markets in the coming year. 

According to ZipRecruiter, Providence is the fourth hottest job market in 2020.

“At a time when the fastest-growing sectors are education and healthcare, Providence is at an advantage, with its many major hospitals and universities. Providence boasts a wide variety of service-sector job opportunities and is also home to four Fortune 500 companies, which are major employers, including CVS Health,” writes ZipRecruiter.

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The rankings come as the state of Rhode Island has added 10,700 jobs over the last year, according to the RI Department of Labor and Training.

To that end, ZipRecruiter identified the hottest job markets across the country, based on the growing number of job postings and median wage, among other criteria.

The Rankings

Top 10 hottest job markets in 2020

1. Fargo (North Dakota)

2. Boston-Cambridge-Quincy (Massachusetts)

3. Sioux Falls (South Dakota)

4. Providence-New Bedford-Fall River (Rhode Island-Massachusetts)

5. Portland-South Portland-Biddeford (Maine)

6. San Francisco-Oakland-Fremont (California)

7. Washington-Arlington-Alexandria (District of Columbia-Virginia-Maryland-West Virginia)

8. Philadelphia-Camden-Wilmington (Pennsylvania-New Jersey-Delaware-Maryland)

9. Bismarck (North Dakota)

10. New York-Northern New Jersey-Long Island (New York-New Jersey-Pennsylvania)

 

The Method

Using data from ZipRecruiter’s employment marketplace, they ranked metropolitan areas with more than 100,000 inhabitants based on the following four factors: 

1. Job market size (measured by the total number of job postings in the past 12 months)

2. Job market growth (i.e. percent growth in job postings over the past 12 months)

3. Pay (more specifically, the median annual wage on offer in job postings)

4. Job seeker leverage (i.e. the average number of job openings per job seeker)   

ZipRecruiter then averaged the percentile rankings to compare overall job market hotness on a 100-point scale.