10 best states for job seekers
June 5, 2017 8:37 PM
10 best states for job seekers
A competitive job market often means a higher employee turnover rate, which costs companies time and money. A recent study from WalletHub shows which states have the best job opportunities — insight benefit managers might want to use to beef up offerings to help deter current employees from leaving.
In order to determine the most attractive states for employment, WalletHub compared the 50 states across 24 key indicators of job-market strength, opportunity and economic vitality. Those sections were filtered into two major categories: job market (which includes metrics such as job opportunities, employment growth and job satisfaction) and economic environmental (which includes metrics such as median annual income, average number of hours in a work week and earned income-tax credit). For its ranking, the personal-finance website used data from the U.S. Census Bureau, Bureau of Labor and Gallup-Healthways, among others.
In order to determine the most attractive states for employment, WalletHub compared the 50 states across 24 key indicators of job-market strength, opportunity and economic vitality. Those sections were filtered into two major categories: job market (which includes metrics such as job opportunities, employment growth and job satisfaction) and economic environmental (which includes metrics such as median annual income, average number of hours in a work week and earned income-tax credit). For its ranking, the personal-finance website used data from the U.S. Census Bureau, Bureau of Labor and Gallup-Healthways, among others.
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10. Florida
Job market ranking: 29
Economic environmental rating: 6
Total score: 60.79
Economic environmental rating: 6
Total score: 60.79
9. Tennessee
Job market ranking: 23
Economic environmental rating: 6
Total score: 61.01
Economic environmental rating: 6
Total score: 61.01
8. California
Job market ranking: 12
Economic environmental rating: 15
Total score: 61.19
Economic environmental rating: 15
Total score: 61.19
7. Massachusetts
Job market ranking: 2
Economic environmental rating: 29
Total score: 61.51
Economic environmental rating: 29
Total score: 61.51
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6. Minnesota
Job market ranking: 4
Economic environmental rating: 21
Total score: 62.00
Economic environmental rating: 21
Total score: 62.00
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5. New Jersey
Job market ranking: 19
Economic environmental rating: 5
Total score: 62.88
Economic environmental rating: 5
Total score: 62.88
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4. South Dakota
Job market ranking: 10
Economic environmental rating: 7
Total score: 63.81
Economic environmental rating: 7
Total score: 63.81
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3. New Hampshire
Job market ranking: 6
Economic environmental rating: 8
Total score: 65.37
Economic environmental rating: 8
Total score: 65.37
2. Colorado
Job market ranking: 1
Economic environmental rating: 19
Total score: 65.67
Economic environmental rating: 19
Total score: 65.67
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1. Washington
Job market ranking: 11
Economic environmental rating: 1
Total score: 70.24
For WalletHub's full report,click here .
Economic environmental rating: 1
Total score: 70.24
For WalletHub's full report,
