Time to Move? Five Beautiful States With Low Unemployment
If you and your family are contemplating a move, you’re likely looking for an area that has quality schools for your children to attend and homes that are affordable. And of course, it would be ideal to move to a state where the unemployment rate is low. This information on five states in the U.S. where you’ll likely find gainful employment may help you make the final choice on where to start your new life.
Iowa
Iowa has an unemployment rate of just 6.8%. This is 2.7 percentage points lower than the U.S. average. The state has a thriving agricultural economy, and its inhabitants enjoy professional success in a number of other industries like finance, manufacturing and biotech. However, the education percentage in Iowa is lower than that of the U.S. as a whole, as just a little more than 24% of the adults who live in the state have a bachelor’s degree or additional higher education degree.
Nebraska
Nebraska is a huge player in the agricultural and transport industries, and boasts a 4.7% unemployment rate. A number of residents also work in telecommunications and information technology. The Bureau of Labor Statistics states that 27.5% of adults living in Nebraska have a higher education degree, which means there is a section of the population that qualifies for a variety of advanced career opportunities. Omaha has grown immensely and received a lot of attention as it is the hub of Warren Buffet’s Berkshire Hathaway empire.
Utah
The 4.7% unemployment rate could definitely serve as motivation for you to search for homes in Utah and move your family to a neighborhood in the state. This percentage is significantly below the nation’s average. Utah’s governor, Gary Herbert, even asserts that all industries in the state are developing–except for government. Private-sector employment in the state grew by 4.5% by July of 2013. The top industries in Utah include tourism and travel, information technology, and sporting goods. Utah has also become a banking hub, as firms from Goldman Sachs to JP Morgan have relocated significant portions of their operations to the beehive state.
North Dakota
The unemployment rate in North Dakota is only 3.6%, which is nearly 6 percentage points lower than the unemployment rate in the United States. Agriculture and food processing are among the top industries in North Dakota. The state also thrives on petroleum production. In the last four years alone, oil and gas production in North Dakota has grown to nearly ten times over, and it is continuing to grow. Almost 26% of the people who live in North Dakota have earned a bachelor’s degree or higher.
Vermont
Finally, Vermont is somewhat known for its especially educated population, which likely has a lot to do with the state’s 6% unemployment rate. Logging and dairy farming are the main industries that drive Vermont’s economy; quarrying insurance and tourism also play a significant part in the financial stability of Vermont.
While much of the United States is still recovering from the economic recession, there are many states that have already bounced back and are growing quickly. If you are looking to advance your career and improve your finances, one of theses states could hold the right opportunities for you.
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Category: Housing
