States running out of Jobless Money, Taxing Employers More

23 States are now borrowing from the U.S. Government to pay for unemployment benefits. (California has borrowed  $4.5 billion as of mid October 2009, the most in the nation.)

This is only the beginning of the bad news for states and employers.  States will be borrowing more and taxing employers more in 2010. This will impact the willingness of companies to hire in the future.  This is not good news for the job market.

For example, Florida, which has borrowed $465 million as of mid October, this past week increased its unemployment insurance tax on employers for next year quite substantially.  The minimum tax will jump from $8.40 per employee to $100.30 – analmost 12-fold increase – while the maximum will go up from $378 peremployee to $459.  Florida is facing a multitude of issues as it tries to dig itself out of the faltering economy.  The Sun-Sentinel did a great piece this week highlighting how Florida is losing residents, jobs and borrowing $300 million per month to make unemployment payments.  See Shrinking Florida faces tough choices as residents flee, jobs vanish

Arizona is among 33 states that will increase unemployment compensationtaxes next year, according the National Association of State WorkforceAgencies.  See  State tax push makes U.S. firms wary of adding jobs

Arizona recently asked to borrow $600 million in federal funds to keep its jobless payments going.  With its October 2009 unemployment rate of 9.3% Arizona will be needing to raise taxes on employers as well.  It is currently estimated that Arizona will increase its tax 41.8% on employers in January 2010.  See Arizona jobless funds running out

Most states will announce their unemployment tax rates for 2010 before year end and taxes will be increasing.  This is bad news for employers and the outlook for jobs. The Heritage Foundation’s Foundry blog recently posted a good explanation on how these increases will further hurt the job market.  See How Unemployment Taxes and Obama’s Stimulus Are Killing Jobs

The List of States Borrowing To Pay Unemployment Benefits follows.  We added Arizona to the BLS list that was compiled as of October 19, 2009.

Rank State Fed Loan
1 California $4.5 billion
2 Michigan $2.8 billion
3 New York $1.6 billion
4 Ohio $1.4 billion
5 North Carolina $1.3 billion
6 Pennsylvania $1.3 billion
7 Indiana $1.3 billion
8 New Jersey $700 million
9 Texas $697 million
10 Wisconsin $684 million
11 Arizona $600 million
12 Illinois $590 million
13 South Carolina $570 million
14 Kentucky $469 million
15 Florida $465 million
16 Missouri $326 million
17 South Dakota $308 million
18 Minnesota $143 million
19 Arkansas $135 million
20 Rhode Island $104 million
21 Idaho $73 million
22 Alabama $47 million
23 Connecticut $31 million

Source:Bureau of Labor Statistics

Trustworthy States: Best States to Lose Your Wallet

Gallup recently released a poll on Best States to Lose Your Wallet

With unemployment rising and economic stress increasing, the trust we have in our neighbors and community is of increasing concern. We want to live in a Safe States as they are Best States to Live.  The poll asked people if they believed a lost wallet with $200 in would be returned.  Nationwide 70% of people believe that their wallet would be returned with money still in the wallet.  Large States according to Gallup are generally viewed as less trustworthy.  People in the Southern half of the country do not trust their neighbors as much as people in the North. See Gallup’s map below.

The Best States for Neighbor Trust are:

Top 10 States, Trust in Neighbor

The Worst States for Neighbor Trust are:

Bottom 10 States, Trust in Neighbor

People in the South do not trust their neighbors as much as the North according to Gallup. Chart courtesy of Gallup.

U.S. Map: Trust in Neighbor, by State
When picking your place to live consider your neighbors. Safe States are Best States to Retire and are Top States to Live

Top States for Jobs September 2009

The Bureau of Labor Statistics BLS released the September 2009 List of State Unemployment last week.  23 States saw unemployment rise from August, 19 saw decreases and 8 were unchanged.  The US Unemployment rate for September 2009 was 9.8%.

New York was the Worst State for Jobs in September with a loss of 81,700 jobs.

 

Texas (-44,700), California (-39,300), Wisconsin(-21,700), and Michigan (-21,500) rounded out the 5 Worst States
for
Jobs in September. Michigan continues as the Worst State for Employment with a staggering 15.3%
unemployment rate.
Nevada, Alabama, Oregon and West Virginia are also in the 5 Worst States for Employment.
California is not far behind
as a worst state for jobs. See our post on California Jobs Shrinking


 


 
The Best State for Jobs in September 2009 was Indiana which gained 4,400 jobs. The Best State for Employment
was North Dakota with a 4.2% unemployment rate. Only 3 other states qualified as Best States for Jobs in September.
They were New Mexico (+3,700), Nevada (+2,700), and Utah (+2,500). Go to our lastest
September list of job openings by state
for more on where the job openingsAll states and the District of Columbia recorded statistically significant increases in their jobless rates on a year on year basis.
Michigan had the largest increase +6.4%.  Nevada, 6.0% and Alabama at 5.3% also had the highest increases in the U.S.
North Dakota had the smallest increase at +.9%.  The Year on Year change of Unemployment for all 50 States is below.

 

Rank State Sep-08 Sep-09 Change
1 NORTH DAKOTA 3.3 4.2 0.9
2 NEBRASKA 3.4 4.9 1.5
3 SOUTH DAKOTA 3.2 4.8 1.6
4 ALASKA 6.7 8.4 1.7
5 LOUISIANA 5.6 7.4 1.8
5 MISSISSIPPI 7.4 9.2 1.8
7 ARKANSAS 5.2 7.1 1.9
7 MINNESOTA 5.4 7.3 1.9
7 VERMONT 4.8 6.7 1.9
10 COLORADO 5 7 2
10 MONTANA 4.7 6.7 2
12 KANSAS 4.6 6.9 2.3
13 CONNECTICUT 6 8.4 2.4
14 IOWA 4.2 6.7 2.5
15 MARYLAND 4.6 7.2 2.6
15 VIRGINIA 4.1 6.7 2.6
17 OKLAHOMA 4 6.7 2.7
18 HAWAII 4.4 7.2 2.8
18 UTAH 3.4 6.2 2.8
20 MAINE 5.6 8.5 2.9
21 ARIZONA 6 9.1 3.1
21 DELAWARE 5.2 8.3 3.1
21 NEW YORK 5.8 8.9 3.1
21 TEXAS 5.1 8.2 3.1
25 MISSOURI 6.3 9.5 3.2
25 PENNSYLVANIA 5.6 8.8 3.2
27 NEW HAMPSHIRE 3.9 7.2 3.3
27 NEW MEXICO 4.4 7.7 3.3
27 OHIO 6.8 10.1 3.3
30 IDAHO 5.4 8.8 3.4
31 GEORGIA 6.6 10.1 3.5
31 INDIANA 6.1 9.6 3.5
33 TENNESSEE 6.9 10.5 3.6
33 WISCONSIN 4.7 8.3 3.6
33 WYOMING 3.2 6.8 3.6
36 MASSACHUSETTS 5.6 9.3 3.7
37 ILLINOIS 6.7 10.5 3.8
37 WASHINGTON 5.5 9.3 3.8
39 DC 7.4 11.4 4
39 KENTUCKY 6.9 10.9 4
39 NEW JERSEY 5.8 9.8 4
39 NORTH CAROLINA 6.8 10.8 4
43 SOUTH CAROLINA 7.5 11.6 4.1
44 FLORIDA 6.7 11 4.3
45 CALIFORNIA 7.8 12.2 4.4
46 RHODE ISLAND 8.5 13 4.5
47 WEST VIRGINIA 4.3 8.9 4.6
48 OREGON 6.8 11.5 4.7
49 ALABAMA 5.4 10.7 5.3
50 NEVADA 7.3 13.3 6
51 MICHIGAN 8.9 15.3 6.4

California Jobs September 2009: Shrinking

California continues to lose jobs.

The California Employment Development Department just released September numbers and California jobs declined by 39,300 during the month.  Unemployment was 12.2% for September, a slight improvement due to an upward revision of August to 12.3%

More unemployment is not a surprise considering all the problems the state has.  (See Why California is a Worst State for Jobs)

 

The Bureau of Labor Statisticsis is scheduled to release the nation’s September List of State Unemployment on Wednesday October 20.  August was bad news.  (See August 2009 Best and Worst States for Employment) California’s release on Friday is a preview of more state releases to come next week.

September should show more State Employment decreases as the September US Unemployment rate increased to 9.8% from 9.7%.

The LA Times ran a story California Job Losses Keep Climbing on Friday as well about the outlook for California Jobs.  Los Angeles County’s unemployment rate soared to 12.7% in September, upfrom 12.2% in August. Industries including leisure and hospitality,manufacturing and construction shed jobs over the month.  The Bay Area saw its unemployment rate decrease from August. The jobless rates in Napa County, at 8.7%,and the San Francisco-San Mateo-Redwood City Metro Division, at 9.2%,are among the lowest in the state. All five metro divisions in the Bay Area improved. California Jobs do not look like they will be improving significantly soon.  See also California Job Openings September 2009

The September 2009 California Employment by County List follows:

County Labor Force Employed Jobless Jobless %
ALAMEDA 768,700 681,500 87,200 11.30%
ALPINE 420 350 60 15.20%
AMADOR 17,960 15,790 2,170 12.10%
BUTTE 105,400 92,600 12,800 12.20%
CALAVERAS 21,000 18,000 3,000 14.30%
COLUSA 11,160 9,540 1,620 14.50%
CONTRA COSTA 529,900 470,400 59,400 11.20%
DEL NORTE 11,870 10,460 1,410 11.90%
EL DORADO 91,200 81,000 10,200 11.20%
FRESNO 452,200 388,600 63,500 14.10%
GLENN 12,590 10,860 1,730 13.80%
HUMBOLDT 60,000 53,800 6,200 10.30%
IMPERIAL 76,900 53,700 23,200 30.10%
INYO 8,980 8,120 860 9.50%
KERN 377,400 325,100 52,300 13.90%
KINGS 59,700 51,400 8,300 13.90%
LAKE 25,890 22,080 3,800 14.70%
LASSEN 13,510 11,910 1,600 11.80%
LOS ANGELES 4,923,800 4,298,200 625,700 12.70%
MADERA 70,400 61,700 8,700 12.30%
MARIN 134,600 123,900 10,700 8.00%
MARIPOSA 9,980 9,100 880 8.80%
MENDOCINO 43,420 39,040 4,390 10.10%
MERCED 106,700 89,900 16,700 15.70%
MODOC 4,050 3,600 450 11.10%
MONO 7,880 7,070 810 10.30%
MONTEREY 217,000 195,400 21,700 10.00%
NAPA 75,600 69,100 6,500 8.70%
NEVADA 49,730 44,290 5,440 10.90%
ORANGE 1,624,900 1,472,400 152,500 9.40%
PLACER 175,100 155,300 19,800 11.30%
PLUMAS 10,210 8,790 1,420 13.90%
RIVERSIDE 915,600 780,800 134,800 14.70%
SACRAMENTO 687,900 604,200 83,700 12.20%
SAN BENITO 24,800 21,700 3,100 12.50%
SAN BERNARDINO 867,500 749,700 117,800 13.60%
SAN DIEGO 1,560,000 1,400,200 159,800 10.20%
SAN FRANCISCO 447,100 403,700 43,400 9.70%
SAN JOAQUIN 304,600 257,400 47,100 15.50%
SAN LUIS OBISPO 138,400 125,900 12,500 9.00%
SAN MATEO 380,800 346,400 34,400 9.00%
SANTA BARBARA 221,600 202,700 18,800 8.50%
SANTA CLARA 886,600 782,200 104,400 11.80%
SANTA CRUZ 147,900 132,800 15,100 10.20%
SHASTA 84,000 71,600 12,300 14.70%
SIERRA 1,540 1,330 210 13.70%
SISKIYOU 18,870 16,320 2,550 13.50%
SOLANO 214,400 189,700 24,700 11.50%
SONOMA 262,400 236,400 26,000 9.90%
STANISLAUS 243,200 206,000 37,200 15.30%
SUTTER 41,600 35,300 6,300 15.10%
TEHAMA 26,220 22,630 3,590 13.70%
TRINITY 4,700 3,950 750 15.90%
TULARE 206,300 175,600 30,700 14.90%
TUOLUMNE 25,900 22,610 3,300 12.70%
VENTURA 428,800 381,600 47,200 11.00%
YOLO 97,500 86,900 10,600 10.90%
YUBA 28,800 23,700 5,100 17.80%

Best States for Jobs September 2009, 48 States See Opening Decreases

We ran our September 2009 Best and Worst States for Job openings.  Job Openings dropped an alarming 6.2% on September 30 as compared to July 31.  This is particularly discouraging as we had seen our only increase in job openings this year in July.  This reversal ratifies the year long downward trend.  We develop our analysis from data listed by the nation’s largest job posting service CareerBuilder.com.  It is a good proxy for job openings nationwide.

Job Openings nationwide shrank in September to 217,040 from 231,370 in July, a drop of 14,330 job openings.

48 States saw jobs shrink.  Alaska, North Dakota, South Dakota and Montana saw the biggest percentage job opening lossesKentucky Jobs, with an increase of only 180 job openings. and Utah Jobs, up 30, were the Top States for Jobs and the only 2 states in the nation that showed improvement since July 31.

California Jobs shrank the most numerically with an 1197 loss at September 30. Texas Jobs, Florida Jobs and Pennsylvania Jobs showed large losses in numbers in September.  ( I will post analysis of Job Opening Losses during the Obama Administration after unemployment numbers are released for September)

The list of Best and Worst States for Jobs as of September 2009 follows:

30-Sep 31-Jul +/- % Change
1 California 22253 23450 -1197 -5.10%
2 Texas 18219 19373 -1154 -5.96%
3 Florida 14072 14927 -855 -5.73%
4 New York 12410 12667 -257 -2.03%
5 Illinois 11243 11747 -504 -4.29%
6 Pennsylvania 10407 11193 -786 -7.02%
7 New Jersey 7901 7938 -37 -0.47%
8 Ohio 8171 8286 -115 -1.39%
9 Virginia 7162 7547 -385 -5.10%
10 North Carolina 6486 6860 -374 -5.45%
11 Maryland 5928 6128 -200 -3.26%
12 Georgia 5824 6470 -646 -9.98%
13 Arizona 5357 5701 -344 -6.03%
14 Massachusetts 5261 5269 -8 -0.15%
15 Michigan 5177 5443 -266 -4.89%
16 Washington 4407 4940 -533 -10.79%
17 Indiana 5282 5589 -307 -5.49%
18 Missouri 4518 5109 -591 -11.57%
19 Colorado 3815 3937 -122 -3.10%
20 Tennessee 4627 4862 -235 -4.83%
21 Connecticut 3893 4271 -378 -8.85%
22 Wisconsin 3855 4816 -961 -19.95%
23 Minnesota 3494 3754 -260 -6.93%
24 South Carolina 3239 3470 -231 -6.66%
25 Kansas 2816 3281 -465 -14.17%
26 Louisiana 2898 3067 -169 -5.51%
27 Kentucky 3468 3285 183 5.57%
28 Iowa 2268 2460 -192 -7.80%
29 Alabama 2352 2883 -531 -18.42%
30 Oklahoma 2115 2339 -224 -9.58%
31 Nevada 1718 1864 -146 -7.83%
32 Oregon 1808 1986 -178 -8.96%
33 Mississippi 1475 1684 -209 -12.41%
34 New Mexico 1435 1468 -33 -2.25%
35 Utah 1370 1340 30 2.24%
36 Arkansas 1292 1557 -265 -17.02%
37 Nebraska 1135 1139 -4 -0.35%
38 Delaware 996 1030 -34 -3.30%
39 Alaska 659 1058 -399 -37.71%
40 Hawaii 668 748 -80 -10.70%
41 West Virginia 832 914 -82 -8.97%
42 New Hampshire 671 705 -34 -4.82%
43 Rhode Island 633 722 -89 -12.33%
44 South Dakota 497 664 -167 -25.15%
45 Idaho 741 813 -72 -8.86%
46 Vermont 600 608 -8 -1.32%
47 North Dakota 299 465 -166 -35.70%
48 Maine 509 539 -30 -5.57%
49 Montana 458 585 -127 -21.71%
50 Wyoming 326 419 -93 -22.20%
Entire U.S. 217040 231370 -14330 -6.19%

Will California’s Tax Proposal do any good?

California has always had a wild streak.  This week California’s new tax proposal reinforced that image.

The Commission on the New 21st Century Economy  issued its report this week on a radical new tax structure for California.  Like all political taxing plans it has its good and bad aspects.  It did, however, increase discussion about what California needs to do to become an attractive state for business and individuals.

Here are the recommendations of the Commission: (My comments are in red)

  • Reduce Personal Income Tax (PIT) for every taxpayer – Reduce the number of tax brackets from six to two. The new tax rate would be 2.75 percent for taxable income up to $56,000 for joint filers ($28,000 for single) and 6.5 percent for taxable income above that amount. These changes would retain the PIT’s progressive nature but reduce income tax rates for all taxpayers. The proposal would reduce the amount of income tax paid by 29 percent.  (This is Good)
  •  Eliminate the corporation tax and minimum tax – Eliminate the corporate tax, which is currently at 8.84 percent. The $800 minimum franchise tax should also be eliminated. (This is Good)
  •  Eliminate the state general purpose sales tax – Eliminate the current 5 percent state sales tax, with the exception of the sales tax on gas and diesel fuels which would continue to be dedicated to transportation. Elimination of the sales tax would phase in over five years. (This is Good)
  • Establish a business net receipts tax (BNRT) – Establish a new tax, not to exceed 4 percent, applied to the net receipts of businesses. Small businesses with less than $500,000 in gross annual receipts would be exempt from this tax. This tax would have a much broader base than the sales tax (since it would apply not only to goods but also to services and to sales into the state from businesses located outside the state) and, unlike the sales tax, be deductible against federal taxes. (This is very very Bad)
  •  Create an independent tax dispute forum – This forum would provide taxpayers with a forum for resolving disputes with the state. (This is Good)

I have discussed previously why California is a Worst State.  It over taxes, over regulates and is costly do business there.  See our previous post California Facts Suggest it is a Worst State

This proposal does not appear to fix these problems.  It just shuffles the burdens around a little by being according to the Commission “revenue neutral.”

“This is the most significant tax policy proposal in three decades,” said Assemblyman Chuck Devore (R-Irvine). “But the chances of this getting approved, as is, are zero percent.”  The LA Times reported the proposal is unlikely to pass.  See LA Times story Tax commission report falls flat, but it’s a start

With the U.S. in the midst of a severe job shrinkage, it is only a matter of time that some states and legislatures start getting serious about creating an environment conducive to job creation.  Cutting tax burdens and tax rates will be a strong first step in getting the job engine going.  California’s proposal unfortunately is not a step in the right direction. It will remain a Worst State for Taxes even if it passes the Commission’s recommendations.

Where to Find a Job? Best States for Jobs

The Bureau of Labor Statistics released the July State unemployment numbers this past week.  More ugly in most states.

The Best States for Jobs are primarily heartland states.  The Best State for Jobs is North Dakota with an unemployment rate of only 4.2%.  Nebraska and South Dakota at 4.9% are the only other states under 5%.  Utah is our fourth Best State for Jobs at 6%.  You will have a decent chance to find a job in Iowa, Oklahoma, Wyoming and Montana.

If you are looking for a job in a state with very high unemployment, you might want to consider a state where the opportunities are broader and fewer people looking.  In other words, consider changing your state.  Michigan at 15.2% is the Worst State for Jobs. Approximately  1 in every 6 people are unemployed.  Rhode Island, Nevada, Oregon and California are some of the Worst States for Jobs with rates all close to 12%.

High unemployment also creates a reinforcing negative cycle.  Unemployment creates downward pressure on real estate, commerce and social institutions.   It does not turn around quickly.  While unemployment is one very important metric in your search for employment, job openings i.e. who is hiring now? should also be considered.  For recent info on job openings by state see Best States for Job Openings

 

July U.S. State Unemployment List

 

1 NORTH DAKOTA 4.2
2 NEBRASKA 4.9
2 SOUTH DAKOTA 4.9
4 UTAH 6
5 IOWA 6.5
5 OKLAHOMA 6.5
5 WYOMING 6.5
8 MONTANA 6.7
9 NEW HAMPSHIRE 6.8
9 VERMONT 6.8
11 VIRGINIA 6.9
12 HAWAII 7
12 NEW MEXICO 7
14 MARYLAND 7.3
15 ARKANSAS 7.4
15 KANSAS 7.4
15 LOUISIANA 7.4
18 COLORADO 7.8
18 CONNECTICUT 7.8
20 TEXAS 7.9
21 MINNESOTA 8.1
22 DELAWARE 8.2
23 ALASKA 8.3
24 MAINE 8.4
25 PENNSYLVANIA 8.5
26 NEW YORK 8.6
27 IDAHO 8.8
27 MASSACHUSETTS 8.8
29 WEST VIRGINIA 9
29 WISCONSIN 9
31 WASHINGTON 9.1
32 ARIZONA 9.2
33 MISSOURI 9.3
33 NEW JERSEY 9.3
35 MISSISSIPPI 9.7
36 ALABAMA 10.2
37 GEORGIA 10.3
38 ILLINOIS 10.4
39 DISTRICT OF COLUMBIA 10.6
39 INDIANA 10.6
41 FLORIDA 10.7
41 TENNESSEE 10.7
43 KENTUCKY 11
43 NORTH CAROLINA 11
45 OHIO 11.2
46 SOUTH CAROLINA 11.8
47 CALIFORNIA 11.9
47 OREGON 11.9
49 NEVADA 12.5
50 RHODE ISLAND 12.7
51 MICHIGAN 15

Top States for Job Openings

We ran our analysis of Best and Worst States for Job openings again as listed by CareerBuilder.com

Job Openings grew in the last 60 days yet are still 1.57% lower than January. Here are 2 lists:  List of job openings by state since January 29 and Best and Worst States for Jobs since May.

31-Jul Change since1-29 %Change
California 23450 -2405 -9.30%
Texas 19373 -678 -3.38%
Florida 14927 -247 -1.63%
New York 12667 -390 -2.99%
Illinois 11747 -1955 -14.27%
Pennsylvania 11193 52 0.47%
New Jersey 7938 -690 -8.00%
Ohio 8286 10 0.12%
Virginia 7547 361 5.02%
North Carolina 6860 57 0.84%
Maryland 6128 -424 -6.47%
Georgia 6470 478 7.98%
Arizona 5701 -291 -4.86%
Massachusetts 5269 -899 -14.58%
Michigan 5443 -98 -1.77%
Washington 4940 26 0.53%
Indiana 5589 858 18.14%
Missouri 5109 651 14.60%
Colorado 3937 -277 -6.57%
Tennessee 4862 449 10.17%
Connecticut 4271 -260 -5.74%
Wisconsin 4816 502 11.64%
Minnesota 3754 -439 -10.47%
South Carolina 3470 334 10.65%
Kansas 3281 45 1.39%
Louisiana 3067 -427 -12.22%
Kentucky 3285 522 18.89%
Iowa 2460 -39 -1.56%
Alabama 2883 316 12.31%
Oklahoma 2339 70 3.09%
Nevada 1864 -1 -0.05%
Oregon 1986 154 8.41%
Mississippi 1684 136 8.79%
New Mexico 1468 45 3.16%
Utah 1340 104 8.41%
Arkansas 1557 143 10.11%
Nebraska 1139 -91 -7.40%
Delaware 1030 -27 -2.55%
Alaska 1058 253 31.43%
Hawaii 748 -117 -13.53%
West Virginia 914 58 6.78%
New Hampshire 705 11 1.59%
Rhode Island 722 15 2.12%
South Dakota 664 79 13.50%
Idaho 813 148 22.26%
Vermont 608 -51 -7.74%
North Dakota 465 27 6.16%
Maine 539 90 20.04%
Montana 585 77 15.16%
Wyoming 419 46 12.33%
Entire U.S. 231370 -3689 -1.57%

The List of Best States for Jobs since May 31 is below:

31-Jul Change May 31 % change
1 California 23450 1727 7.95%
2 Texas 19373 1033 5.63%
3 Florida 14927 354 2.43%
4 New York 12667 875 7.42%
5 Illinois 11747 921 8.51%
6 Pennsylvania 11193 1340 13.60%
7 New Jersey 7938 178 2.29%
8 Ohio 8286 780 10.39%
9 Virginia 7547 822 12.22%
10 North Carolina 6860 525 8.29%
11 Maryland 6128 -18 -0.29%
12 Georgia 6470 962 17.47%
13 Arizona 5701 577 11.26%
14 Massachusetts 5269 157 3.07%
15 Michigan 5443 428 8.53%
16 Washington 4940 334 7.25%
17 Indiana 5589 1011 22.08%
18 Missouri 5109 839 19.65%
19 Colorado 3937 -206 -4.97%
20 Tennessee 4862 730 17.67%
21 Connecticut 4271 263 6.56%
22 Wisconsin 4816 1106 29.81%
23 Minnesota 3754 219 6.20%
24 South Carolina 3470 247 7.66%
25 Kansas 3281 166 5.33%
26 Louisiana 3067 109 3.68%
27 Kentucky 3285 536 19.50%
28 Iowa 2460 -66 -2.61%
29 Alabama 2883 446 18.30%
30 Oklahoma 2339 169 7.79%
31 Nevada 1864 129 7.44%
32 Oregon 1986 264 15.33%
33 Mississippi 1684 139 9.00%
34 New Mexico 1468 105 7.70%
35 Utah 1340 75 5.93%
36 Arkansas 1557 299 23.77%
37 Nebraska 1139 62 5.76%
38 Delaware 1030 54 5.53%
39 Alaska 1058 86 8.85%
40 Hawaii 748 -39 -4.96%
41 West Virginia 914 130 16.58%
42 New Hampshire 705 11 1.59%
43 Rhode Island 722 72 11.08%
44 South Dakota 664 17 2.63%
45 Idaho 813 171 26.64%
46 Vermont 608 -4 -0.65%
47 North Dakota 465 -96 -17.11%
48 Maine 539 77 16.67%
49 Montana 585 141 31.76%
50 Wyoming 419 36 9.40%
Entire U.S. 231370 18293 8.59%

If interested please read our previous post on Job Openings Shrink in May

Best States for Jobs: Job Openings Up 8.54%, 44 States Up

After dropping like a rock during the first few months of the year and staying there through May, job openings have increased 8.59% nationwide since May 31, according to analysis released by BestandWorstStates.com.  This is encouraging news and reinforces the view that employment dynamics are improving from their lows.  While a significant rebound, it should be viewed with caution as job openings are still 1.57% below late January levels, just prior to the stimulus package being passed.  Total job openings are not high enough to make a significant improvement to the jobless rate which was released this week to be a slightly improved 9.4%.  For a complete list of state job opening activity see previous post List of Job Openings by State

For our lastest post on Best and Worst States for Jobs go to Which States had the Best Employment Markets in 2009? Will 2010 Job Market Improve?

 

Good News Front:

Job openings increased nationwide 8.59% from May 31, 2009 from 210,048 to 231,370 on July 31, 2009.  This increase is quite significant with 44 states showing increases during the past two months.  The Top States for Jobs were mostly small states.  Indiana was a notable large state on the Best State for Jobs list with a 18.14% increase in job openings during the last 60 days.  Most of the Best States for Jobs have below average unemployment rates.  The number of job openings in many of these states are quite small.  Many of these small states would be Best States for Jobs if you are looking for employment however.  For the complete Best States for Jobs List see

Best States for Jobs (Per Cent Increase in Openings)

Rank State Job Growth% Jobless% #Job Open
1 Alaska 31.43% 8.4 1058
2 Idaho 22.26% 8.4 813
3 Maine 20.04% 8.5 539
4 Kentucky 18.89% 10.9 3285
5 Indiana 18.14% 10.7 5589
6 Montana 15.16% 6.4 585
7 Missouri 14.60% 9.5 5109
8 South Dakota 13.50% 5.1 664
9 Wyoming 12.33% 5.9 419
10 Alabama 12.31% 10.6 2883

Source:  Best and Worst States.com and  CareerBuilder.com

Not so Good News:

Job openings have decreased 1.57% since the end of January nationwide even though 30 states have more job openings than in January. The Top Ten US States according to population have shown a 4.1% decrease in job openings.  California, the US largest state, has 9.3% lower jobs available than in January.  With a 11.6% jobless rate, California appears to be a poor state for job seekers.  Illinois is also a Worst State for Jobs with a 14.2% drop in openings along with a 10.5% unemployment rate.  The US unemployment rate will not improve significantly without the Top Ten States also improving as these states have about 50% of the US population.

#Jobs Open 7-31 Change Job Growth% Jobless Rate Population
1 California 23450 -2405 -9.30% 11.6% 36.8
2 Texas 19373 -678 -3.38% 7.5% 24.3
3 New York 12667 -390 -2.99% 8.7% 19.5
4 Florida 14927 -247 -1.63% 10.6% 18.3
5 Illinois 11747 -1955 -14.27% 10.5% 12.9
6 Pennsylvania 11193 52 0.47% 8.3% 12.4
7 Ohio 8286 10 0.12% 11.1% 11.5
8 Michigan 5443 -98 -1.77% 15.2% 10
9 Georgia 7547 478 5.02% 10.5% 9.7
10 North Carolina 6860 57 0.84% 11.0% 9.2
121493 -5176 -4.09% 164.6

Unemployment Up in Every State

The US States continued to see rising unemployment in June. 16 States, if you count DC, now have unemployment rates greater than 10.0%. 38 states and DC saw increases from May. All 50 states and DC have higher unemployment than a year ago.  Our national unemployment rate was 9.5% in June.  The July national jobless numbers will be released on August 7.

Michigan continues to be the Worst State for Jobs with a 15.2% jobless rate. North Dakota is the Best State for Jobs with only a 4.2% unemployment rate.

3 of the 5 largest states by population have rates greater than 10.%  They are California, Florida and Illinois. California has more than twice as many jobless as any other state with 2.146 million jobless in June.  California has  the most unemployed people in the nation.  The next largest amount of unemployed are in Florida with 970,000 jobless in June according to BLS statistics.

We will be releasing shortly our updated analysis of job openings. Unemployment will continue to rise until more job openings start to appear.  List of Best and Worst States for Jobs is below.

1 Michigan 15.2
2 Rhode Island 12.4
3 Oregon 12.2
4 South Carolina 12.1
5 Nevada 12
6 California 11.6
7 Ohio 11.1
8 North Carolina 11
9 District of Columbia 10.9
10 Kentucky 10.9
11 Tennessee 10.8
12 Indiana 10.7
13 Alabama 10.6
14 Florida 10.6
15 Georgia 10.5
16 Illinois 10.5
17 Mississippi 9.8
18 Missouri 9.5
19 West Virginia 9.4
20 New Jersey 9.2
21 Washington 9.2
22 Wisconsin 9.2
23 Arizona 8.9
24 Massachusetts 8.7
25 New York 8.7
26 Maine 8.5
27 Alaska 8.4
28 Delaware 8.4
29 Idaho 8.4
30 Minnesota 8.4
31 Pennsylvania 8.3
32 Connecticut 8
33 Colorado 7.6
34 Texas 7.5
35 Hawaii 7.4
36 Maryland 7.3
37 Arkansas 7.2
38 Virginia 7.2
39 Vermont 7.1
40 Kansas 7
41 Louisiana 6.8
42 New Hampshire 6.8
43 New Mexico 6.8
44 Montana 6.4
45 Oklahoma 6.3
46 Iowa 6.2
47 Wyoming 5.9
48 Utah 5.7
49 South Dakota 5.1
50 Nebraska 5
51 North Dakota 4.2

Source:  Bureau of Labor Statistics