Nine cities spanning the nation, from San Jose, Calif. on the west coast to Boston in the east, are hotbeds of employment growth in five industries that have either recovered all the jobs they lost during the coronavirus recession or are close to it. The nine locations, identified in an analysis by LaborIQ® by ThinkWhy, are where much of the hiring action is now for recruitment firms and talent acquisition professionals.
These five hot industries for recruiting and hiring are:
- Scientific Research and Development Services
- Insurance Carriers and Related Activities
- Credit Intermediation and Related Activities
- Architectural and Engineering Services
- Computer Systems Design and Related Services
See below to find out which U.S. job markets are heating up.
Hot U.S. Cities and Job Markets Hiring Now
One of the industries showing the strongest bounceback from the effects of the virus, Scientific Research and Development Services, grew jobs by 2.1% between September 2019 and September 2020. While at first blush that may not sound like a blockbuster number, any growth at all in employment – or even any very slight decrease – is impressive in the wake of the economy’s worst downturn since the Great Depression.
Cities pacing the field in Scientific Research and Development Services jobs during this timeframe were Pittsburgh, which grew its workforce in the industry by 8.0%, and the Boston area, where the industry’s employment rose by 5.7%.
Another industry that increased its employment year over year (YoY) was Insurance Carriers and Related Activities, whose jobs grew by 0.8%. Cities growing employment the most in this industry were Orlando, where the jobs were up by 6.o%, and Denver, where they increased 5.8%.
Credit Intermediation and Related Activities was another top-performing industry, boosting jobs YoY by 0.2%. Austin led cities for employment growth in this industry with a 9.0% increase, while Charlotte was close behind with an 8.9% increase.
Yet another industry performing well from September 2019 to September 2020 was Architectural and Engineering Services, which lost just 1.2% of its jobs. Denver was the pacesetter for job growth in this industry, with a 4.1% increase, while Sacramento enjoyed 3.7% growth.
Computer Systems Design and Related Services is another industry that fared well, losing only 2.0% of its employment. Cities leading in Computer Systems Design and Related Services were San Jose, where jobs in the industry rose by 5.0%, and Salt Lake City, which saw a 4.3% increase.
LaborIQ® by ThinkWhy continuously monitors and forecasts labor data at all levels, measuring impact to cities, industries, occupations and businesses across the U.S.