Payroll news is warming the hearts of people living in the majority of US states, according to the Online Recruiters Directory, which serves headhunters and job candidates. There are 38 states and the District of Columbia each added jobs across the board, good news for the recession-weary who have been waiting for news jobs to open up to replace the old ones they had lost. Ohio wins the proverbial golden goose award for April, creating 37,300 jobs, according to US Bureau of Labour Statistics. Runners up were Pennsylvania, New York, Texas and Virginia, all adding significant new jobs, as well. Interestingly, three of the top five job-creation states are on the East Coast, continuing the March 2010 trend of rising East Coast job optimism.
Meanwhile, 34 states and the District of Columbia were able to cheer a welcome decrease in their state unemployment rates. The recession has been hard on almost every state, increasing unemployment – fewer jobs, more unemployed, more insecurity for those still employed –
Unfortunately, the news was not as bright everywhere as it was in Ohio and Texas. In fact, it was not even uniformly good news along the East Coast, where New Hampshire, Maine and Rhode Island continued to bleed jobs. Colorado also suffered significant job losses in April. These states continue to suffer economically and also from the low morale that accompanies high unemployment – even among those who retain their jobs.
Regionally, the Northeast maintains the lowest unemployment rate while, in terms of lowest unemployment rates for individual states, the Dakotas twins remain the unquestioned leaders, with Nebraska also continuing an impressive employment rate. These three states have weathered the recession, holding on to most of their jobs even when it was bleakest elsewhere.
The highest rate of unemployment overall is found in the West, with the Pacific geographic division sporting the highest unemployment, in large part due to the high unemployment in the most populous state in the nation – California.
In terms of which individual states are suffering the most, though, hapless Michigan retains the highest unemployment rate. All the wonderful headlines about the auto sector bouncing back have yet to be felt by Michigan workers, who are still waiting for their share of the good news.
The five states with the highest unemployment rate (all over 12 percent), where you would least want to be stuck looking for a new job, are:
1. Michigan
2. Nevada
3. California
4. Rhode Island
5. Florida
We will be watching over the next few months to see if the employment situation in these hard-hit states will improve. If it does, that will be a very strong signal that the economic recovery is in full swing across the nation.
Reading through the commentaries by leading financial prognosticators, it sure seems that the employment crisis is already over. But that’s not to say there aren’t challenges ahead. The nationwide unemployment rate actually ticked up to 9.9%, in spite of the job creation reported by most states. It is clear that job hunters still have their work cut out for them, particularly in those states where the unemployment rate remains stubbornly high. The employment situation, though likely to improve, will do so in fits and starts offering uneven results to workers in different states…and don’t expect everything to improve overnight.
For further details, please see this video on the April 2010 employment situation by finance specialist Miranda Marquit, who prepares her monthly review of the job landscape for the Online recruiters Directory.
Shortcut to pragmatic advice in the sphere of forex trading – please study this page. The times have come when concise information is really within one click, use this chance.
RSS FEED
