Last week CareerBuilder announced the acquisition of Economic Modeling Specialists Intl. (EMSI), a provider of high-quality employment data and economic analysis. Using the EMSI Average Standard Wage Index, we created a list of Metropolitan Statistical Areas (MSAs) that display higher-than- and lower-than-expected average salaries for business and financial operations occupations.
Higher-than-expected salaries may indicate a relative occupation labor shortage, making it a less-than-ideal place for a business to launch a recruiting effort, but perhaps a good place for the job seeker to focus effort. If a region has lower-than-expected salaries in a particular occupation, the opposite may be true.
According to the data, the six “large” MSAs where business and financial operations salaries tend to be the lowest, based upon average expectations, are:
The full list of high-cost and low-cost MSAs is listed below. The graphic divides MSAs into three broad groups according to size measured in number of jobs:
- “Large MSAs” have greater than 190,000 jobs.
- “Mid-sized MSAs” have between 190,000 and 69,000 jobs.
- “Small MSAs” have less than 69,000 jobs.
For a deeper understanding of how EMSI compiles these lists, go here.
Have Talent Factor delivered to your inbox. Subscribe via email and receive a new stat every Monday at 3:30 p.m. CST.Related
Forget what you think you know about HR... it's all about to change.
Sign up to start getting exclusive content designed to empower you with the insight necessary to go from HR professional to strategic business partner.