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Home > Blog > 10 states where jobs are increasing the fastest
THURSDAY, AUGUST 30, 2018

10 states where jobs are increasing the fastest

10 states where jobs are increasing the fastest

By Marlene Satter | August 22, 2018 at 03:15 PM

Sure, millennials and GenXers might care which states have the most growth in jobs. But why should an older worker care, since retirement is on the horizon?

First, boomers are filing for bankruptcy at triple the rate they did in 1991, which means they aren’t facing their golden years with anything like anticipation.

Second, even if they’re not declaring bankruptcy, many older workers are postponing retirement till age 70 or even later.

Third, it’s harder for older people to find and keep jobs, thanks to age discrimination.

So if you’re approaching retirement and don’t think you’re interested in states where there’s a healthy job market, you might want to reconsider.

Kiplinger has come up with the top 10 states where job growth is likely to continue. As its report points out, “Widespread growth spells even tighter labor markets, and that could start to crimp regional growth rates. Job openings have reached or are near record levels in all regions, and hiring is starting to slow because of the lack of qualified candidates.

Certain metro areas have unemployment rates below 3 percent, including Denver; Madison, Wisconsin; Nashville, Tennessee; and the San Francisco Bay area. Look for hiring slowdowns to continue as more positions become unfillable.”

When relocating, whether you’re a millennial, GenXer, or young tail-end Boomer, it only makes sense to look for a place to live where you’ll be able to find work.

Have a look at the 10 states below with the fastest rate of job growth:

10. Oregon

Population: 4,142,776

 2018 job growth: 2.1 percent

 2017 job growth: 2.2 percent

 New jobs in 2018: 40,000

 New jobs in 2017: 40,200

 Unemployment rate by year-end 2018: 3.9 percent

 Unemployment rate at year-end 2017: 4.1 percent

 9. North Carolina

 Population: 10,273,419

 2018 job growth: 2.3 percent

 2017 job growth: 1.7 percent

 New jobs in 2018: 102,500

 New jobs in 2017: 74,100

 Unemployment rate by year-end 2018: 4.1 percent

 Unemployment rate at year-end 2017: 4.5 percent

8. Florida

 Population: 20,984,400

 2018 job growth: 2.3 percent

 2017 job growth: 2.2 percent

 New jobs in 2018: 193,400

 New jobs in 2017: 181,500

 Unemployment rate by year-end 2018: 3.7 percent

 Unemployment rate at year-end 2017: 3.9 percent

7.Arizona

Population: 7,016,270

 2018 job growth: 2.4 percent

 2017 job growth: 2.4 percent

 New jobs in 2018: 67,000

 New jobs in 2017:65,200

 Unemployment rate by year-end 2018: 4.5 percent

 Unemployment rate at year-end 2017: 4.7 percent

6. Colorado

 Population: 5,607,154

 2018 job growth: 2.7 percent

 2017 job growth: 2.2 percent

 New jobs in 2018: 70,900

 New jobs in 2017: 56,100

 Unemployment rate by year-end 2018: 2.6 percent

 Unemployment rate at year-end 2017: 3.0 percent

 5. Washington

 Population: 7,405,743

 2018 job growth: 2.8 percent

 2017 job growth: 2.5 percent

 New jobs in 2018: 92,100

 New jobs in 2017: 82,000

 Unemployment rate by year-end 2018: 4.6 percent

 Unemployment rate at year-end 2017: 4.7 percent

4.Texas

 Population: 28,304,596

 2018 job growth: 2.9 percent

 2017 job growth: 1.8 percent

 New jobs in 2018: 351,300

 New jobs in 2017: 211,400

 Unemployment rate by year-end 2018: 3.9 percent

 Unemployment rate at year-end 2017: 4.0 percent

3. Nevada

 Population: 2,998,039

 2018 job growth: 2.9 percent

 2017 job growth: 3.3 percent

 New jobs in 2018: 38,900

 New jobs in 2017: 42,600

 Unemployment rate by year-end 2018: 4.5 percent

 Unemployment rate at year-end 2017: 4.9 percent

2. Utah

 Population: 3,101,833

 2018 job growth: 3.0 percent

 2017 job growth: 2.9 percent

 New jobs in 2018: 44,200

 New jobs in 2017: 41,800

 Unemployment rate by year-end 2018: 2.8 percent

 Unemployment rate at year-end 2017: 3.2 percent

1. Idaho

 Population: 1,716,943

 2018 job growth: 3.0 percent

 2017 job growth: 3.3 percent

 New jobs in 2018: 21,300

 New jobs in 2017: 22,700

 Unemployment rate by year-end 2018: 2.7 percent

Unemployment rate at year-end 2017: 3.0 percent

 

 

 

 

Posted 9:00 AM

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