By Bethany Blankley | The Center Square
The number of available jobs is growing, with more than 263,000 new jobs added in April 2019 alone, and the national unemployment rate is at its lowest since December 1969, the White House reports.
A new report by the personal finance website WalletHub set out to determine the most attractive states for employment. It compared 50 states across two key dimensions, Job Market and Economic Environment.
It evaluated 33 key indicators across a wide range of data, including employment growth, median annual income, and average commute time. Its analysis is based on data from the U.S. Census Bureau, Bureau of Labor Statistics, Indeed.com, Gallup-Healthways, United Health Foundation, The Pew Charitable Trusts, National Conference of State Legislatures, among many others.
The top ten states to find a job are Massachusetts, Washington, Colorado, Vermont, New Hampshire, Minnesota, Delaware, New Jersey, California, and Rhode Island.
“Minnesota is the sixth best state to find a job,” WalletHab analyst Jill Gonzalez told The Center Square. “The state’s job opportunities, low unemployment rate and industry variety point to a healthy job market. Some of its other strong points include employment outlook, job satisfaction and large access to employer based retirement plans.”
The WalletHub report found that Minnesota has robust work share programs, non-discrimination laws, and the fifth largest share of people with disabilities who are employed.
“The state’s economic environment contributes to its overall high ranking,” she says. Its residents have the third largest median annual income and one of the highest monthly average starting salaries, and the state has one of the shortest workweeks. Another bonus, Gonzalez notes is the state offers earned income tax credit.
Texas ranked 12th best and shows signs of strong job security, according to the report. Texas also has the fifth largest share of engaged workers.
“The small percentage of part-time employees speaks to the state’s strong job market,” Gonzalez said.
“In terms of economic environment, Texas has the highest monthly average starting salary, and the second lowest share of workers with multiple jobs,” she adds. “But the most important thing to mention here is that the state does not tax income.”
West Virginia, Mississippi, Kentucky, Louisiana, Alaska, Alabama, Arkansas, Pennsylvania, North Carolina, and Montana are the ten worst states to find a job, according to the report.
The highest employment growth recorded was in Massachusetts, Arizona, Nevada, Idaho, and New Mexico.
Residents who work the most hours live in Alaska, North Dakota, Wyoming, Texas and Louisiana. Residents who spend the least time working live in Utah, Oregon, Rhode Island, Massachusetts, California and Michigan.
Americans having the greatest job satisfaction live in Idaho, Montana, North Dakota, Vermont and Utah. Those living in Delaware, Connecticut, Florida, Louisiana and Maryland report having the lowest job satisfaction.
“The future of U.S. jobs relies on many factors, including policy and innovation,” the report states.
MIT economist David Autor and his colleagues identified three job categories expecting rapid growth: “frontier jobs,” “wealth work,” and “last mile jobs,” notes Mark L. Lengnick-Hall, professor emeritus of Management, College of Business, University of Texas at San Antonio.
Lengnick-Hall explains the first category involves producing, installing, maintaining, and deploying new generations of technologies, and will require high levels of technical knowledge and skills. The second includes jobs that provide labor-intensive, in-person services to affluent consumers. The third involves nearly-automated tasks like call-center operators, order fulfillment workers, or data entry clerks.
The Bureau of Labor Statistics also projects 20 occupations will experience rapid growth rate between 2016 and 2026: solar photovoltaic installers, wind turbine service technicians, home health aides, personal care aides, physician assistants, nurse practitioners, statisticians, physical therapist assistants, software developers (applications), mathematicians, physical therapist aides, bicycle repairers, medical assistants, genetic counselors, occupational therapy assistants, information security analysts, physical therapists, operations research analysts, forest fire inspectors and prevention specialists, and massage therapists.
“According to the Bureau of Labor Statistics (2019), the fields with the highest predicted rate of job growth are mainly in the areas of renewable energy, such as solar and wind turbine technicians, software developers, and in the healthcare sector, such as physician assistants, nurse practitioners, and physical therapy assistants,” Matthew Bluem, MBA, Ph.D., director of three programs at St. Mary’s University of Minnesota, argues.
He also notes that many colleges and universities are responding to the needs of displaced workers, emphasizing skills building in areas most in demand and offering courses in a flexible and adult-friendly formats.
4 thoughts on “Report: Vermont 4th best state for finding jobs”
Sounds like someone is messing with the data. If not, then why are we not seeing people flock to come here. Instead we are suffering from a lack of people staying or coming. Vermont even has to offer $10,000 for out-of-staters to come, live and work here. The Governor laments that we have a shortage of 30,000 school students. Schools are being forced to consolidate, creating hardships for many that include long commutes. Colleges are closing for lack of attendance. Those graduating students are forced to leave due to lack of opportunities. Democrats voted for H.57 to insure that there will be even less children. Their law allows a mother to kill a perfectly healthy full-term fetus just seconds from delivery. We are missing 100,000 children aborted since 1972.
All you need do is Google Vermont rankings and you will find that Vermont is at or near the bottom as a place for seniors to live and retire in or for young adults to stay and be successful in.
If we could mitigate the damage done by the legislature each year we might actually be the 4th best or even better. Vermont is a beautiful state. Just imagine it without the Democrat super-majority legislature that taxes anything that moves and anything that does not move. .
Great, but there are no folks available to hire. Everywhere one turns he or she will find “Now Hiring” signs with no takers. While the $15/hour debate rages on it’s purely moot because, if and that’s a big if, some one does show up, they’ll expect $20/hr to $25/hr or it’s no go.
Great news, Not sure where they will be working ?? maybe Scotts $10K job slush fund
is working, nah !!
According to this, I’m glad we will be getting some help on our tax burden, unfunded liabilities
from all these new workers………….so where are they ??.
I’ll believe it when I see it.
This is great news. I look forward to witnessing Vermont’s economic renaissance. With more workers we’ll have more taxpayers and the individual share of tax support will surely decline – making Vermont’s economic metric valuation even more competitive. At this rate Vermont will be the most economically competitive State in the country. More workers. More families. More students. Lower taxes. Lower welfare rolls.
Gee. I’m glad I didn’t step in it.
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