One Year Of Obama and Stimulus: Job Openings down 5.48% , Unemployment Up to 10%

It has been one year since President Obama took office and announced a stimulus bill that was to improve jobs.  The data suggests that the job market continued to deteriorate this past year.  Unemployment is up to 10% from 7.4%.  Job Openings are down 5.48%

Job Openings, as measured on careerbuilder.com, have not improved from one year ago.  Nationwide, job openings at January 31, 2010 were 5.48% lower than January 29, 2009.  Total job openings stand at 222,189 as compared to 235,059 last year, a decrease of 12,870.  37 States have lower job openings as compared to last year.

 

 

Best and Worst States has been tracking Job Openings by State for the past year and has reported on movements.  For some of our previouslinks see November 2009, Job Stimulus Not Working  , Job Openings September 2009 and last year’s Best and Worst States for Job Openings January 2009.  While the drops early in the year have appeared to stabilize, the level of job openings is not robust enough to suggest significant improvements in employment soon.

The Best State for Job Openings is Indiana as measured by growth.  Indiana had the largest gain in job openings, 887, up 17.4% from a year ago. Best States for Jobs also were Kentucky, Ohio and TennesseeFlorida and Ohio were the best large states for job openings.  They were the only 2 states of the Top Ten Employment States to show increases in openings.  13 States had increases in job openings from a year ago.

The Worst State for Jobs was California.  It has 3,667 less job openings from a year ago, a decrease of 14.18%.  California also has the fourth worst employment rate in the nation.  Unemployment in California is now at 12.4%, up 3.7% from a year ago.  California is struggling on many fronts and an increasing jobless population will not help it turn around.  For more on California see California Jobs Shrinking

Additional Worst States for Jobs  are Texas, Illinois,Massachusetts and Arizona.  They each had large job opening losses and double digit declines in percentage terms.

Another measure of job openings, the Conference Board’s Help Wanted On-Line Data Series is also indicating year over year decreases in job openings. The Conference Board Data for 2009 annual average job openings stands at 3,357,000, 1.1million below the 4,481,000 annual average for 2008.  More importantly their average job opening number for 2009 is 2.4 million below the 2007 average job opening number.  These are not good numbers.  On an encouraging note,the Conference Board reported positive improvement in job openings in New York, Washington, Connecticut, Virginia, North Carolina, Georgia, Delaware and New Jersey.

All 50 states saw their unemployment rates increase in 2009.  See Unemployment by State 2009 for the entire 2009 list and unemployment changes from a year ago. Job openings must increase significantly nationwide if unemployment is to improve to acceptable levels. It is going to take some time for this to occur.

 

Job Openings by State January 2010

 

Largest State
California Continues to
Show Shrinking Job Openings


Texas Jobs Not Growing

Florida Shows Small Increase

Illinois Jobs Down 10.64%

37 States Have
Fewer Job Openings

2 of 10 Largest States
Show Small Increase

Indiana Best State for Job Opening Growth

Job Openings Do Not Suggest
Employment Improvements

Best and Worst States for Jobs: Will jobs improve in 2010?

The Bureau of Labor Statistics released state unemployment for December 2009 today.  Every state in the U.S. saw its unemployment rate rise in 2009.

The Best State for Jobs and Employment in 2009 was North Dakota.  It had the lowest unemployment rate in the nation at 4.4%.  Its unemployment rate increased by 1.1% in 2009.  South Dakota, Nebraska, Iowa, Oklahoma and Kansas were also Top States for Jobs and Employment.

The Worst State for Jobs and Employment in 2009 was Michigan.  Its unemployment ended the year at 14.6%, an increase of 4.4% in 2009.  21 states and D.C. saw their unemployment ranks increase by 3% or more in 2009.  2009 was a very bad year for those seeking employment.  Nevada, Rhode Island, South Carolina, California and D.C. all were Worst States for Jobs and Unemployment in 2009.  They all have unemployment rates of 12% or higher.

Minnesota and North Dakota had the smallest unemployment increases in 2009 with increases of only 0.8%. The Worst States for Unemployment Increases were West Virginia and Nevada which had increases of 4.6% in unemployment.  The list of Best and Worst States for Jobs and Employment is below.  It is presented from best to worst based on year over year changes.  Politically, these are very poor numbers for the Obama administration.  With the large health care bill off the table for now, let’s hope businesses will become a little more willing to hire in 2010.

Best and Worst States for Jobs

Source:  Bureau of Labor Statistics

Best and Worst States for Employment

The Bureau of Labor Statistics released state unemployment numbers for August 2009.  State Employment statistics show a continued worsening.  14 States and DC now have unemployment rates of 10% or greater.  North Dakota has the nation’s best state employment rate with 95.7% of its people employed.  All 50 State Unemployment rates are listed below.

The Best States for Employment were North Dakota, South Dakota, Nebraska, Utah and Virginia.

The Worst States for Employment were Michigan, Nevada, Rhode Island, Oregon and California.


California has the most unemployed in the nation with 2.248 million people out of work.  The States with Most Unemployment are:

Unemployed Unemp Rate
1 California 2248.0 12.2
2 Texas 966.0 8.0
3 Florida 983.7 10.7
4 New York 834.9 9.0
5 Michigan 736.1 15.2

(Unemployed in thousands)
Source: BLS

List of State Unemployment August 2009

1 NORTH DAKOTA 4.3%
2 SOUTH DAKOTA 4.9%
3 NEBRASKA 5.0%
4 UTAH 6.0%
5 VIRGINIA 6.5%
6 MONTANA 6.6%
6 WYOMING 6.6%
8 IOWA 6.8%
8 OKLAHOMA 6.8%
8 VERMONT 6.8%
11 NEW HAMPSHIRE 6.9%
12 ARKANSAS 7.1%
12 KANSAS 7.1%
14 HAWAII 7.2%
14 MARYLAND 7.2%
16 COLORADO 7.3%
17 NEW MEXICO 7.5%
18 LOUISIANA 7.8%
19 MINNESOTA 8.0%
19 TEXAS 8.0%
21 CONNECTICUT 8.1%
21 DELAWARE 8.1%
23 ALASKA 8.3%
24 MAINE 8.6%
24 PENNSYLVANIA 8.6%
26 WISCONSIN 8.8%
27 IDAHO 8.9%
28 NEW YORK 9.0%
28 WEST VIRGINIA 9.0%
30 ARIZONA 9.1%
30 MASSACHUSETTS 9.1%
32 WASHINGTON 9.2%
33 MISSISSIPPI 9.5%
33 MISSOURI 9.5%
35 NEW JERSEY 9.7%
36 INDIANA 9.9%
37 ILLINOIS 10.0%
38 GEORGIA 10.2%
39 ALABAMA 10.4%
40 FLORIDA 10.7%
41 NORTH CAROLINA 10.8%
41 OHIO 10.8%
41 TENNESSEE 10.8%
44 DC 11.1%
44 KENTUCKY 11.1%
46 SOUTH CAROLINA 11.5%
47 CALIFORNIA 12.2%
47 OREGON 12.2%
49 RHODE ISLAND 12.8%
50 NEVADA 13.2%
51 MICHIGAN 15.2%

NY Jobs: Where are they? Will they come back?

The New York State Labor department today released its August 2009 NY Job numbersNY Jobs are scarce and NY Unemployment reached its highest level since May 1993.  Statewide unemployment reached 9.0% up from 5.7% a year ago.

New York City Unemployment is more of a problem for the New York.  NYC Unemployment reached 10.3% in August up from 6% a year ago.  September will be worse as September nationwide unemployment has already been reported and has increased again. This is a real problem for the NY State government since the NYC market is the real engine for tax revenues.  With a huge deficit the state needs a vibrant NYC job market.

The chart from the NYSLD follows:

Unemployment Rates* (seasonally adjusted)

August 2009* July 2009 August 2008
New York State 9.0 8.6 5.7
United States 9.7 9.4 6.2
New York City 10.3 9.5 5.9
NYS, excluding NYC 8.0 7.9 5.5
*Data are preliminary and subject to change.

We have reported for some time the issues in NY and they appear to be getting worse.  New York is now a Worst State for Jobs.

Employers look at many factors when creating jobs.  Cost of living, taxation, regulatory environment are just a few.

NY and particularly NYC has one of the highest cost of livings in the country.  See our previous Cost of Living by State

NYC has one of  highest marginal tax rates in the nation.  (See Tax Freedom Day by State  and State Individual Tax Rates )

The NY State Government is raising taxes in all types of areas and increasing regulatory costs for businesses. See States Raising Taxes

These facts suggest NY will have a tough job market for the foreseeable future.  If you are looking for a job, NY will suffer for a while.  See how NY Job Openings rank nationwide at Best States for Job Openings

What will its state leaders do to make it more competitive?  High Cost, High Taxes and Lots of Regulation does not attract new business or jobs.  How can state leaders say NY is a business friendly state? Comments?

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

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

Best States For Jobs, Worst States for Jobs

Best and Worst States for Jobs

Unemployment increased in February to 8.1% nationwide.  The labor department just released the latest state numbers for January.

Wyoming is the Best State for Jobs with unemployment of only 3.7%.  North Dakota, Nebraska, South Dakota and Utah are in the Top 5 Best States for Jobs.

The Worst State for Jobs is Michigan with its unemployment now at 11.6%.  There are now 4 states in the U.S. that have unemployment rates above 10%.  South Carolina, Rhode Island and California are the other 3 Worst States for Jobs with rates above 10%.  North Carolina at 9.9% is also a Worst State for Jobs and will probably be above 10% next month.

The unemployment rate in states will be going up again when February is released as the national average has already increased and been released. We will keep you posted.

List of State Unemployment is below.

State Rate
1 WYOMING 3.7
2 NORTH DAKO 4.2
3 NEBRASKA 4.3
4 SOUTH DAKO 4.4
5 UTAH 4.6
6 IOWA 4.8
7 OKLAHOMA 5
8 LOUISIANA 5.1
8 NEW HAMPSH 5.1
8 NEW MEXICO 5.1
11 WEST VIRGIN 5.3
12 MONTANA 5.6
13 KANSAS 5.8
14 VIRGINIA 6
15 HAWAII 6.1
16 MARYLAND 6.2
17 ARKANSAS 6.4
17 TEXAS 6.4
19 COLORADO 6.6
19 IDAHO 6.6
21 DELAWARE 6.7
22 VERMONT 6.8
23 WISCONSIN 6.9
24 ARIZONA 7
24 NEW YORK 7
24 PENNSYLVANI 7
27 CONNECTICU 7.3
27 NEW JERSEY 7.3
29 MASSACHUSE 7.4
30 MINNESOTA 7.6
31 ALABAMA 7.8
31 MAINE 7.8
31 WASHINGTON 7.8
34 ALASKA 7.9
34 ILLINOIS 7.9
36 MISSOURI 8
37 FLORIDA 8.6
37 GEORGIA 8.6
37 TENNESSEE 8.6
40 KENTUCKY 8.7
40 MISSISSIPPI 8.7
42 OHIO 8.8
43 INDIANA 9.2
44 DISTRICT OF 9.3
45 NEVADA 9.4
46 NORTH CAROL 9.7
47 OREGON 9.9
48 CALIFORNIA 10.1
49 RHODE ISLAN 10.3
50 SOUTH CAROL 10.4
51 MICHIGAN 11.6

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