http://www.latimes.com/business/money/la-fi-mo-state-jobless-rates-20130318,0,2667538.story
According to the latest numbers on payroll count, California and Rhode Island are the two states tied in for the highest unemployment rate at 9.8%. This is despite the fact that California has the second highest job growth rate (2%). This shows, according to the author, that California was one of the states worst hit by the 2008 recession and that the recovery is fast, now that the recession is over.
Texas was the leader in job rate growth with the rate of growth at 3.1%. Western states have performed better as compared to Northeastern states with respect to job growth. This is due to the fact that Northeast has large financial ties with Europe, which is still struggling. The West, on the other hand, experienced growth because of growth in the energy sector, technology, housing market and due to trade with Asia.
Midwestern states also had greater growth than the East Coast. This is because of growth in the manufacturing industry (mostly the car industry).
North Dakota had the lowest unemployment rate at 3.3%.
According to the latest numbers on payroll count, California and Rhode Island are the two states tied in for the highest unemployment rate at 9.8%. This is despite the fact that California has the second highest job growth rate (2%). This shows, according to the author, that California was one of the states worst hit by the 2008 recession and that the recovery is fast, now that the recession is over.
Texas was the leader in job rate growth with the rate of growth at 3.1%. Western states have performed better as compared to Northeastern states with respect to job growth. This is due to the fact that Northeast has large financial ties with Europe, which is still struggling. The West, on the other hand, experienced growth because of growth in the energy sector, technology, housing market and due to trade with Asia.
Midwestern states also had greater growth than the East Coast. This is because of growth in the manufacturing industry (mostly the car industry).
North Dakota had the lowest unemployment rate at 3.3%.
The similarity of unemployment between these two states is quite shocking considering the size and other differences across the coasts. I totally agree and can see how California was one of the states worst hit by the 2008 recession and that the recovery is slowly but surely bringing the state back. I am proud to call Rhode Island my home, but again, I can see how the state is suffering with such a high unemployment rate. There are a few big businesses that are keeping the state afloat, but many other small businesses have closed, while the state is also laying off jobs which adds the increased amount of unemployed people searching for new possibilities.
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