Editors Note: If you are looking for a Best State for Jobs start your search with our latest posts:
Click on the category Best and Worst States for Jobs on the right navigation for our collection of articles on Jobs.
In our Job Openings post you will see the trends by state in job openings and what states are currently experiencing increased job openings. We also have published the List of Job Openings by State
The Bureau of Labor Statistics released the March State Unemployment rates this week. For our August 2009 listing and analysis of Best States for Job Openings click
We now have 8 states with unemployment above 10%. Michigan is the Worst State for Jobs with an unemployment rate of 12.6%. Oregon is also very bad for jobs with a rate of 12.1%. California, our most populated state, has an unemployment of 11.2% meaning that 1 out of 9 people are out of work. South Carolina also is a Worst State for Jobs with unemployment of 11.4%.
The Best State for Jobs in March was North Dakota at 4.2%. The other Top 5 States for Jobs were Wyoming at 4.5%, Nebraska at 4.6%, South Dakota at 4.9%. Iowa and Utah were tied for fifth with 5.2% unemployment.
We thought we would take a look this month also at how states that are ranked for small business are doing on the job front. In theory the better the small business environment the better the job environment. We used the recently released SBEC report. See: Best and Worst States for Small Business
The data shows that the Best States for Small Business are not all the Best States for Jobs at this moment. 5 of the top 10 Best States for Small Business, for example, have below average i.e. higher, unemployment. 45th ranked Iowa for example has the 4th best employment in the U.S.
As mentioned in the previous post, the SBEC index is primarily a tax based system and high or lower taxes are not the only reason companies grow and create jobs. It would appear intuitive over time business friendly states should create more business and jobs. We will continue to watch this during the cycle as the better states may grow first and faster.