Recent research conducted by The Wall Street Journal has revealed that Provo City, Utah’s tech hot spot, ranked second place for the hottest job markets in terms of smaller metropolitan areas.
In the smaller job market rankings, the Provo metro area was #2 in unemployment, #14 in labor force participation, #9 in job growth, #44 in labor-force growth, and #46 in wage growth.
To find the areas with the strongest job markets, The Wall Street Journal, working with Moody’s Analytics, assessed 300 metro areas. The rankings measured five factors: the unemployment rate, labor-force participation rate, job growth, laborforce growth and wage growth in 2021. An average of those rankings was used to determine the hottest labor market in the U.S. Larger areas, with more than one million residents, were ranked separately from smaller ones.