Job hunting: Think smaller cities for the hottest jobs

by | Jun 27, 2022 | Technology

When you think tech in the U.S., does your mind go straight to Silicon Valley? We wouldn’t be surprised if it did. The California region is the globe’s best-known name for technology, and is the birthplace and home to many of the world’s biggest tech companies. More than 30 businesses in the Fortune 1000 are headquartered here, and it is home to thousands of startup companies too.

Outside of Silicon Valley, there are other well-established locations for tech in the U.S. including Atlanta, Boston and New York City, which has the largest tech workforce nationally, with over 670,000 people employed in the sector. Additionally, the State of New York attracts the country’s second-largest amount of venture capital after California. Seattle, too, has a long history in technology, and has famously been the home of Microsoft since 1979. Last year, the State of Washington came in top place on the 2021 Global Startup Ecosystem report.

A recent piece of research with Moody’s Analytics assessed 300 metro areas for factors such as the unemployment rate, labor force participation rate (as well as labor growth) and job and wage growth in each area. The results discovered that job markets are hottest in mid-sized cities with populations under 2.3 million, which have relatively low income taxes (or none at all), and climates which allow for year-round outdoor activiti …

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