Unemployment spiked in October 2009 at the height of the recession, and it has taken over 4 years to finally see the recovery. Unemployment was at a low of 6.6 percent in the month of January 2014, which is a vast decrease from the highest unemployment rate of 10 percent.
According to MarketTalks News ten states have shown the most growth in job creation and have contributed to the overhaul of employment in the United States since its worst economic decline since the Great Depression. But the falling unemployment rate does not indicate everyone is getting back to work, it indicates that growth takes time and these ten states know how to be patient.
#1 – North Dakota has seen the largest growth in employment due to their oil economy. The oil industry has chilled a tiny bit in this state, but the industries that serve it certainly have not; refineries, rail transport, trucking, pipelines and housing construction are still hiring.
#2 – Arizona’s diverse economy is set to expand hiring in areas like technology, aerospace and related industries, the mortgage industry (including mortgage origination, call centers and regional headquarters), real estate and home construction industries. Arizona was one of the states hit hardest by the recent housing bust.
The list continues with Texas, Colorado, Florida, Georgia, South Carolina, Oregon, Idaho, and Utah leading the U.S.’s employment growth.
Some will be surprised to find out that the worst state for job growth isn’t even a state, but the District of Columbia. Due to last year’s government shutdown the current goal for the capital of the United States is to shrink government costs and spending. Thus, leaving no more for hiring.
The worst states for job creation are Illinois, Maine, Vermont, New York, Alaska, Massachusetts, Tennessee, New Hampshire, and New Mexico.
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