Advertisement
  1. Business

Report ranks Tampa the third-best U.S. city to find a job

Published Mar. 5, 2014

Tampa residents still reeling from the Great Recession may find this one hard to believe, but it gives job seekers a big injection of hope.

The city of Tampa ranks as the third-best city in the country to find a job this year, according to an analysis by Wallet Hub, an online personal financial advice tool.

The list released this week ranks 60 major cities to assess the strength of the job market and greatest prospects for "long-term financial security." Among the 13 metrics crunched for the overall ranking were number of job openings, unemployment rate trend, cost of living and prevalence of employer-provided health benefits.

In the end, Tampa came out trailing only Forth Worth, Texas, and Washington, D.C. Four of the top six were Texas metros. The next-highest Florida city was Miami at No. 30. Wallet Hub did not include the cities of St. Petersburg or Clearwater in its analysis.

Bringing up the rear at No. 60 was Los Angeles.

Like other major tourism destinations, Wallet Hub pointed out, Tampa was hit hard during the Great Recession with thousands of lost jobs and tumbling home prices.

"The area's economy is nearly back to its pre-recession size, however," the report said, "and only 11 major U.S. cities have fewer employees per capita living below the poverty line."

Tampa's status was also buoyed by having the eighth-best-paid workforce in the country (when cost of living is taking into account) and the ninth-most-diverse industrial mix.

Economists have been generally upbeat about the growth prospects throughout Tampa Bay this year, with job creation becoming more broad-based. Higher home prices, rising tourism dollars and a growing population all helped push the bay area's unemployment rate below 6 percent by the close of 2013.

Tampa Mayor Bob Buckhorn embraced the news as proof that attempts to strip burdensome regulations, energize downtown and attract new jobs are paying off.

"We're on a roll. There's no doubt about it," he said.

"People are shaking off the depression and are looking forward to a much, much brighter future. There's an electricity in Tampa that hasn't existed in decades. It's palpable."

YOU MIGHT ALSO LIKE

  1. Brian Davison is chief executive officer of Equialt, which bought this Safety Harbor home in a tax deed sale. The U.S. Securities and Exchange Commission contends in a new lawsuit that EquiAlt is a Ponzi scheme, and Davison has diverted investor funds for his own lavish personal spending. Times (2015)
  2. Daily recreations like this Bible scene at the Holy Land Experience in Orlando will be ending at the Christian theme park, which has been suffering from low attendance and debt for years.
  3. Madico spent $40 million developing its new corporate headquarters and factory on Belcher Road in Pinellas Park. [Amy Pezzicara | Pezz Photo]
  4. The developers of Avalon Park West in Wesley Chapel are planning a $736 million downtown core to accompany nearly 2,700 residences and 355,000 square feet of commercial and office space in a walkable neighborhood. . As part of the deal, Pasco County will consider kicking  in a $33 million 30-year incentive, mostly a tax rebate to help with infrastructure costs.
  5. Pasco County commissioners introduced an ordinance Tuesday governing upkeep of empty property after residents complained about the condition of the Links Golf Club in Hudson, which closed in June 2019.
  6. In this Aug. 8, 2015, file photo former owner of the San Francisco 49ers Edward DeBartolo, Jr., is interviewed before the Pro Football Hall of Fame ceremony at Tom Benson Hall of Fame Stadium in Canton, Ohio. President Donald Trump pardoned DeBartolo, who was convicted in gambling fraud scandal. (AP Photo/Gene J. Puskar, File)
  7. Outback Steakhouse at 4302 W. Boy Scout Blvd. near International Plaza and Bay Street. [Monique Welch | Times]
  8. Florida has some of the highest auto insurance rates in the country. [Courtesy of Clearwater Police]
  9. The 26-story JW Marriott hotel is rising across the street from the Marriott Water Street Hotel near Amalie Arena. [RICHARD DANIELSON | Times]
  10. This file photo shows a Pier 1 Imports store in Dallas. Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday, Jan. 6, 2020, it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. [Donna McWilliam | Associated Press (2005)]
  11. [Getty Images]
  12. Express Parcel Service says is plans to shut down its operations at the Amazon distribution station at 9900 18th Street N in St. Petersburg, as well as in Tampa, Miami, Fort Myers and Palmetto. (Google street view)
Advertisement
Advertisement
Advertisement