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 Savoy, IL.
Savoy is a city with a diverse range of industries, making it a promising location for jobseekers. Education plays a significant role in the local economy, providing ample opportunities for professionals in this field. In addition to education, retail and healthcare sectors contribute significantly to employment options in the area. Technology, science, and manufacturing also play crucial roles as pillars of Savoy's economic stability. Overall, the variety of industries in Savoy increases the chances of finding a suitable career path for individuals with different skill sets and interests.
In the city, employment opportunities present a unique landscape for job seekers looking to find their footing in the professional world. With an average salary of $54,609, the city's income may be slightly lower than other regions; however, the cost of living being approximately 9.0% below average balances this aspect. A noteworthy feature is the relatively short commute time of 17 minutes, allowing residents to conveniently travel to and from work. Furthermore, with around 62% of people insured by their employer, the city offers stable support for workers in various industries. Overall, this urban area presents a distinctive blend of qualities that may appeal to those searching for new horizons in their career journey.
In Savoy, Illinois, the current unemployment rate stands at 5.00%, which is above the national average of 3.8%. Despite this higher unemployment rate, the city's future job market growth has been projected to be strong. This indicates a positive outlook for employment opportunities in Savoy and its surrounding areas. Jobseekers can look forward to an improving job market with a strong future growth potential.
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