Hawaii, North Dakota named top US states for employment
The island state see’s its economy driven by tourism, being the industry that generates the state’s most jobs, supporting 192,000 workers, according to the Hawaii Tourism Authority.
With an unemployment rate of just 2% compared to the national average of 4.1%, Hawaii also holds one of the lowest labor force participation rates at just 62.3%. Comparatively, North Dakota, ranked second, has an unemployment rate of 2.6%, but a much higher labor force participation of 70% - the highest of any US state.
Differing significantly from Hawaii, North Dakota is driven by a booming oil industry that has seen it named top for economic growth by PlayUSA.
“Huge rises in GDP, new business, and house values in recent years put North Dakota squarely on the map for those looking for a likely place to strike it rich,” said PlayUSA.
In order, Colorado, Utah, New Hampshire, Nebraska, Minnesota, Iowa, Massachusetts and Wisconsin round out the top 10, alongside Hawaii, and North Dakota.
At the other end of the scale, West Virginia was named bottom, ranking 49th in change in employment rate, 50th in labor force participation, and 48th in unemployment rate.
- Ottawa’s unemployment rate drops to lowest level since 2009Leadership & Strategy
- 79,000 new jobs in December sees Canadian unemployment reach 40-year lowLeadership & Strategy
- Canada’s unemployment drops to 6.3%, the lowest level since 2008Corporate Finance
- Statistics Canada Updates its July Jobs Report After MiscalculationCorporate Finance