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American jobs & the Boston real estate market

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American jobs & the Boston real estate market

Apparently, it is tough for recent college graduates to find work, or maybe it is just hard to find a job. The unemployment rate among recent college graduates is over 6%.

Looking back to when I graduated, the unemployment rate was in the double digits, 13% at one point.  We were headed into a recession. I couldn’t get a job. I used rejection letters to paper a wall in the kitchen of an apartment we lived in at the time.

My advice to recent college graduates is to try to find work instead of a job. Sometimes it is better to have many employers than to have one employer who can fire you at any time.  When ready, start your own business. If it doesn’t work out, start another.

Bottom line, get a job so I can sell you a Boston condo.

American jobs & the Boston real estate market = A happy Boston Real Estate Bogger

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American jobs & the Boston real estate market

To find out the best metros for graduates, we ranked the top U.S. metros where recent grads have the best chance of finding these in-demand jobs. And, while Silicon Valley continues to be the leading area for the hottest jobs, on the East Coast, the best metro to find a job as a recent grad is actually in Washington, D.C. — not New York. When it comes to the highest concentration of jobs for recent college graduates, some metros on the list might come as a surprise, such as  Madison, WI (89 grad-friendly jobs in 1,000) or Durham, NC (87 in 1,000). Here are the best metros for graduate jobs where you will find the highest concentration of today’s hottest occupations:

RankMetro AreaHot Jobs per 1,000
1San Jose, CA166
2Washington, D.C.113
3Seattle, WA111
4San Francisco, CA96
5Boston, MA91
6Madison, WI89
7Durham, NC87
8Denver, CO83
9Austin, TX81
10Minneapolis, MN

80

 

  
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Ford Realty Inc., Charles Street, Beacon Hill

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As I have stated many times before on this Boston real estate blog, look at the job market as one major (not the only) indicator on forecasting the real estate sales market. Click on the visual video below.

The total number of  jobs in America fell by nearly two million over the past decade. That doesn’t bode well for real estate agents in many parts of the country. Fortunately for Boston, education and health care were one of the strongest job sectors where we actually had job growth. So maybe, I’ll have a good year selling Boston condos after all.

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