Given late reporting of the March data for employment and unemployment by our friends at the Bureau of Labor Statistics, Department of Labor, it looks as if we’ll be providing two updates on employment growth rates per state this month (that’s assuming that May’s reporting is on time….).
As always, the states are ranked in the report posted yesterday based on the 6 month rolling average of the monthly total nonfarm employment growth for each state (this is an annualized growth rate estimate by the way) as published by the BLS/USDOL.
Wyoming leads the way once again at 3.2%. If we had been forced to guess without looking at the numbers, we’d have predicted this very robust growth rate would be most likely driven by extractive industry development, but when you look at the supersector numbers, the growth is pretty well spread across the board in March, with the construction supersector leading the way. No Wyoming supersector reported a loss in March – pretty impressive considering the economic and employment struggles across the remainder of the nation.
Utah remains in second place, with Texas nudging Louisiana into fourth place, and Washington in fifth.
As we noted in the body of the report PDF – the Western states continue to dominate the top of the chart. States west of the Mississippi river occupy 9 of the top 10 places and 12 of the top 15.
Michigan’s employment woes simply aren’t getting better at this point, though Rhode Island is given them a run for their money in the race for worst employment growth rate.
Tomorrow we’ll review the unemployment data.
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