Thursday, 28 February 2013

The Growing Market for Jobs in Jacksonville

Compared to February 2012, the market for jobs in Jacksonville is showing almost 14% more job openings this year. This is an excellent time for job seekers to put themselves out in the marketplace.

Employers in Jacksonville are looking for candidates for minimum wage openings as well as for executive offices. In spite of this, this growth is believed to have little impact on the current unemployment rate of Jacksonville.

Job Growth versus Rate of Unemployment

Even though at 8%, the unemployment rate of the city is lower than the country’s average; the positive figures may not be able to major impact on this rate with more people trying to get a piece of the Jacksonville Jobs pie. Since unemployment rates are determined on the basis of the number of people actively looking for jobs, with more people venturing into a job seeking exercise, the growth in openings may actually result in the growth of unemployment rates.

Up until now, many unemployed members of workforce have been quite discouraged to actively put themselves in the marketplace.

Economic Growth in Jacksonville

Most experts give credit to the fact that this region primarily consists of a very diverse economy. Since it does not need to rely on one or two industries, it is able to exhibit among the fastest growth rates when compared to other counties in Florida. Furthermore, most of the industries that have settled businesses in this region, are simultaneously exhibiting growth.

According to Forbes Magazine, the city of Jacksonville is exhibiting the second fastest rate of growth in tech services in all of the United States. A major boost for the economic confidence of the region, the city has been able to outshine the traditional tech leaders such as San Francisco and Raleigh, N.C. With a 50.2% growth in the local employment within the tech service sector over the last decade, the average salary for this industry in Jacksonville is about 2,913 USD per annum.

The last year has also suggested a positive trend of registered nurses, food service managers and supervisors, truck drivers, customer service personnel and people in the hospitality and retail segments.