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 Portsmouth, VA.
Portsmouth is a city with various thriving industries, such as health care, retail, manufacturing, public administration, and education. These sectors contribute significantly to the city's economy and provide ample job opportunities for those seeking employment. With a strong focus on innovation and development, Portsmouth continues to grow in these key areas, offering stability and growth potential for its residents. The city presents an excellent choice for career-minded individuals looking to establish themselves in a supportive and forward-thinking environment.
In the city, employment opportunities present a unique scenario for job seekers. With an average salary of $48,378, earnings are about 30.12% below the national average, yet the cost of living is approximately 10% lower than average, making it more affordable to reside there. A noteworthy aspect is that 39% of individuals receive insurance through their employers, showcasing the commitment of companies towards employee wellbeing. The typical commute time stands at 23 minutes, contributing to a balanced work-life experience. Overall, the city offers a blend of economic affordability and decent employment prospects for potential residents.
The local economy of Portsmouth, VA currently experiences an 8.50% unemployment rate, which is above the national average of 3.8%. Despite this higher than average unemployment figure, the city's future job market growth is anticipated to be strong. This indicates that over time, individuals seeking employment in Portsmouth may find a greater variety of opportunities as the job market continues to expand and develop. The strong future job market growth demonstrates the resilience of this city's economic prospects.
Explore jobs in Portsmouth with our advanced search tool on Joblift to find the perfect match for your skills and experience. Let Job Coach assist further in narrowing down opportunities that align with your ambitions in this thriving city.