SLC ranks near top as job market for millennials

Turns out that Salt Lake City is a pretty good place to be a millennial. The nationwide commercial real estate listing service Commercial Café lists Utah’s capital as No. 5 among the country’s metropolitan areas as a good place for the younger generation to work. The study ranked the cities based on seven indicators, including millennial population growth, regional price parity, millennial unemployment rate, percentage of millennials with employer-based health insurance and commuting time.{mprestriction ids="1,3"}

Millennials are defined as the generation following Generation X or two generations after the 1946-to-1964 baby boomers. The group currently makes up the largest segment within the U.S. labor force.

Salt Lake City ranks best in the nation for unemployment for its millennial residents among the 10 cities ranked at the top of the study — roughly 2.4 percent — and ranked second for commuting time, with an average of 23 minutes.

Salt Lake City also has the fourth-highest proportion of millennials of its overall population, roughly 16 percent. It also ranks fourth for the percentage of millennials with employer-based health insurance.

Overall, the four top-ranked metros in the millennial employment survey are Denver/Aurora/Lakewood, Colorado; Austin/Round Rock, Texas; Raleigh/Durham, North Carolina; and Seattle/Bellevue, Washington.{/mprestriction}