Colorado Springs named one of the best cities for jobs

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COLORADO SPRINGS, Colo. (KKTV) - If you're on the hunt for a new gig, Olympic City USA may be one of your best bets according to a new study.

WalletHub compared more than 180 U.S. cities and ranked the best cities for indicators of job market strength. The report took into account a number of factors, including number of job opportunities, employment growth and average starting salary.

Click here for the full report.

Colorado Springs was ranked number five overall in the report while Denver was ranked number 13 out of 182 cities.

Best places to find a job according to WalletHub:

1. Scottsdale, AZ

2. Columbia, MD

3. Orlando, FL

4. San Francisco, CA

5. Colorado Springs, CO

6. Portland, ME

7. Plano, TX

8. Washington, DC

9. Boston, MA

10. Chandler, AZ

11. South Burlington, VT

12. Minneapolis, MN

13. Denver, CO

METHODOLOGY (Source: WalletHub)
In order to determine the best job markets in the U.S., WalletHub compared 182 cities — including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state — across two key dimensions, “Job Market” and “Socio-economics.” We assigned a heavier weight to the former, considering the fact that factors in that category most heavily influence a job seeker’s decision in terms of relocation for employment.

We then evaluated the two dimensions using 30 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for job seekers. Data for metrics marked with an asterisk (*) were available at state level only.

Finally, we determined each city’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample. In determining our sample, we considered only the city proper in each case, excluding cities in the surrounding metro area.