Top States for Unemployment Rates

MSN released a list  of the top states (and the worst) in the country for unemployment rates. With the economy and housing markets around the country feeling the pressure, it’s always nice to know how the local economies are doing. One thing we have all been realizing lately is just how much Real Estate markets and housing affect the economy. There are a lot of issues that go along with a real estate market, for instance, when someone buys a home they put a lot of people to work- their Realtor, the title insurance person, the mortgage lender, perhaps a home warranty person and an inspector, and all of these people work at companies that pay people depending on these services being performed. And then figure in the gas (and the people employed at the gas station) it took to drive the buyers around, the office supplies to write the contracts and fax them, contractor who may have fixed the plumbing to complete the sale and so forth.

Real estate markets have an incredible affect on local economies and it is important for us all to keep the cycles going. Unemployment is obviously a major factor in local economies…

The top five states are;

1. South Dakota
Unemployment rate: 3 percent*
Population: 796,214**
Mean annual wage: $30,460
Top industry: Trade, transportation and utilities (19.9 percent)***
2. Idaho
Unemployment rate: 3 percent
Population: 1,499,402
Mean annual wage: $34,810
Top industry: Trade, transportation and utilities (20.2 percent)
3. Wyoming
Unemployment rate: 3.1 percent
Population: 522,830
Mean annual wage: $34,290
Top industry: Government (23 percent)
4. Nebraska
Unemployment rate: 3.2 percent
Population: 1,774,571
Mean annual wage: $34,300
Top industry: Trade, transportation and utilities (21.1 percent)
5. Utah
Unemployment rate: 3.2 percent
Population: 2,645,330
Mean annual wage: $35,540
Top industry: Trade, transportation and utilities (19.7 percent)
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s