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Ten (10) States with Lower Unemployment Rate!

By
Real Estate Agent with A 2 Z Realty LLC

Ten (10) States with Lower Unemployment Rate!

According to Business Insider every U.S. state experienced job losses during the recent economic downturn, but thanks to the right mix of industries, natural resources, and skilled workers, some states have a far lower unemployment rate than the 9.5% national average!

 

The following is the list:

1. North Dakota: Powered by agriculture and commodities

Unemployment Rate: 3.6%

2. South Dakota: Gets a big boost from government, but also has services and agriculture

Unemployment Rate: 4.4%

3. Nebraska: An agricultural and transport hub, with some diversity as well

Unemployment Rate: 4.7%

4. New Hampshire: Powered by agriculture, tourism, manufacturing, and a highly educated population

Un employment Rate: 5.8%

5. Vermont: Driven by agriculture and industries utilizing the state's highly educated population

Unemployment Rate: 6.0%

6. Hawaii: A tourism magnet with a large population of affluent Americans

Unemployment Rate: 6.3%

7. Kansas: Powered by agriculture, energy, and aerospace

 Unemployment Rate: 6.5%

8. Wyoming: Riding commodities, tourism, and perhaps its tax policies. Doing well despite low levels of education.

 Unemployment Rate: 6.7%

9. Minnesota: A state with manufacturing, raw materials, and high education

 Unemployment Rate: 6.8%

10. Iowa: Outperforming with a diverse economy plus agriculture

Unemployment Rate: 6.8%

This is just FYI only!

Thanks

 

Comments (6)

Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Adam this is a useful piece of information.  Yes, not everyone is experiencing the over 9 percent rate of  unemployment.

Sep 01, 2010 03:08 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Hello Jennifer,

That's very true!

Thank you for stopping by with your comments!

Adam

Sep 02, 2010 01:02 PM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Hello Jennifer,

That's very true!

Thank you for stopping by with your comments!

Adam

Sep 02, 2010 01:02 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

With our unemployment rate at 8%, shucks, we missed this list!

Sep 04, 2010 07:02 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Hello Joan,

We sure did! Thanks for your comments!

Adam

Sep 04, 2010 02:39 PM
Nathan Strauch
Hot Shots Digital (HotShotPros.com) - Denver, CO
Colorado Real Estate Photography & Video

Great information!  Thanks! 

Unfortunately though, unemployment statistics do not show those who have collected the maximum amount of unemployment and are no longer included in the results. 

Many people who lost there jobs when the economy first went down, held out to find comparable income only to find themselves out of work for a very long time.  Additionally, many of those who lost their Unemployment Funds are still trying to find work and support their families only to find out that their salary of 60-90k per year has been replaced by 8-10 dollars an hour.

It really leaves one to wonder what the actual numbers are.

Sorry, and I don't mean to be a downer, but after leaving the Construction Industry 4 years ago, I know many who are experiencing this problem first-hand.

 

Sep 09, 2010 07:28 AM