Surveys rank Albuquerque low in job hunting, money saving

Posted at: 03/05/2014 7:32 PM
Updated at: 03/05/2014 7:43 PM
By: Stuart Dyson, KOB Eyewitness News 4



The patient is doing better – but still not ready to tango or two-step... Albuquerque's slow recovery from the recession is keeping the city way down in a couple of key indexes for job-hunting and money saving.

The big consumer/business network WalletHub.com ranks Albuquerque 48th out of the nation's 60 biggest cities when it comes to finding a job. Despite improvements, we still rank low in wages and home-buying power, and many sectors of the job market remain tight.

Toney Spears has been out of work for nearly a year. She's a social services worker.

"Opportunities are out there, but because of the market the people with the degrees kind of get the choice of these jobs," Spears said. "Even though I can do the jobs and I have experience, I don't have a degree."

Raymond Turner wants to stay in the hotel-hospitality business. He's been out of work for about six weeks.

"I was basically downsized," Turner said. "My hours were reduced to the point where I was actually just laid off. So that's the situation. I really enjoyed the work."

Meanwhile GOBanking.com ranks Albuquerque number 76 out of one hundred cities for saving money. Again, it's that gap between higher than average house prices and lower than average wages. GOBanking says our average savings account isn't at the bottom of the barrel. That honor goes to – duh! – Las Vegas!

Best city for savings? GoBanking says it's Atlanta. Best for finding a job right now? WalletHub says it's Fort Worth.