With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Pekin, IL.
Pekin is known for its diverse range of industries that contribute to the city's thriving economy. Manufacturing holds a significant presence, providing numerous job opportunities for skilled workers. Health care is another prominent sector in the city, offering stable careers for medical professionals and support staff alike. Retail businesses cater to the needs of Pekin's residents while boosting local employment rates. The hospitality industry flourishes as well, given the city's welcoming atmosphere and growing tourism. Furthermore, education plays a crucial role in shaping the future generations and cementing Pekin's reputation for excellence. Overall, these industries create an array of opportunities for job seekers looking to build their careers in a dynamic and supportive environment.
Employment opportunities in the city appear to be influenced by several factors. The average salary in the city stands at $55,367, which is 20.02% below the national average. However, the cost of living index indicates that it is about 25.0% lower than average, providing some financial relief for residents. In terms of commuting, a typical journey lasts around 22 minutes. Interestingly, nearly half of the employed population (47%) have access to insurance coverage through their employers. As a result, the city's employment landscape presents both advantages and challenges depending on individual priorities and circumstances.
In Pekin, IL, the local economy currently faces an unemployment rate of 7.00%, which is above the national average of 3.8%. Despite this higher rate, the city is expected to experience moderate job market growth in the coming years. This indicates that opportunities may still be available for those seeking employment and that Pekin's economic landscape has potential for continued development. Focusing on the anticipated job market growth can help provide a clearer understanding of the city's economic outlook.
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