Tag: unemployment

Best States for Career Opportunities: Where to Find Work in 2024

Posted on by scott.hodges

As the U.S. job market evolves, several states are emerging as prime destinations for career opportunities. Recent analysis from WalletHub reveals that New England and the Upper Midwest are leading the pack in job market strength and economic vitality.

In the list of best states for jobs, New Hampshire claims the top spot with an impressive 2% unemployment rate, less than half the national average of 4.1%. The Granite State stands out for its robust job security and notably low percentage of workers living in poverty, indicating strong compensation across industries.

Vermont follows closely in second place, matching New Hampshire’s low unemployment rate while boasting the nation’s highest annual job growth. The state has distinguished itself with the second-highest number of job opportunities per capita, and only 0.5% of its workforce faces long-term unemployment.

Minnesota rounds out the top three, powered by its thriving healthcare sector and comprehensive worker benefits packages. Massachusetts and North Dakota complete the top five, contributing to a strong showing for the northern states.

The rankings reflect WalletHub’s analysis of 34 key metrics across two main categories: job market conditions and economic environment. Factors range from employment growth and job opportunities to median annual income and commute times, with additional consideration given to emerging concerns like AI automation risk.

These state-by-state economic indicators paint a picture of regional job market health and economic resilience across the country. The data highlights areas where strong employment figures coincide with favorable economic conditions, contributing to robust local economies.

US Job Situation

Posted on by scott.hodges

There has finally been a drop in unemployment numbers.  But this is not exactly a call to bring out the champagne.  There has been such an increase in unemployment numbers within the last few months due to COVID-19 that it is quite hard not to see an increase. Let’s take a look at what some of this means.

Looking at the numbers for the end of June.  Thankfully unemployment dropped to 11.1% (which is still very high).  Nearly 5 million jobs were added in June which was a lot more than was estimated by economists.  In addition, June marks the second consecutive month that there has been this level of growth…but it does have to be seen in context in that 20 million jobs were lost in April during lockdown.

But looking toward the future it has been recognized that since many more individuals are now working from home and businesses are allowing for this, more jobs will also be created. There will be more opportunity and wages could increase since there is less money being spent on office maintenance.  This will definitely comprise some of the direction of the future.