Michigan named 9th Worst State for Jobs - Paycheck

Michigan named 9th Worst State for Jobs

A recent survey by WalletHub compared 50 states across 35 key indicators of job market strength, opportunity, and a healthy economy. 

Researchers looked at the job market and key indicators like that tell whether the job market is any good. These are facts and figures like: 

  • employment growth
  • unemployment rate
  • job security
  • job satisfaction. 

As for the economic environment, they looked at the:

  • median annual income
  • monthly average starting salary
  • average tax burden for low, middle, and high-income earners

So where does Michigan land? Out of 50 states, Michigan is the 9th worst state for jobs. Michigan ranks at number 42 out of 50 states and its because of the following data. We are ranked: 

  • 26th for Job Opportunities 
  • 40th Employment Growth 
  • 25th Unemployment Rate
  • 23rd Avg. Commute Time (in Minutes)
  • 41st Job Satisfaction

What about other states in the region? Wisconsin ranks number 11 and that’s followed by Minnesota at number 12. However Illinois is worse than Michigan at spot 44.

Overall, South Dakota ranked number 1 as the best state for jobs and Kentucky landed in last place.

The Labor Department reports that the U.S. economy generated 559,000 new jobs in May and the unemployment rate dipped to 5.8% from 6.1% in April. While those figures seem to be a bright spot, the U.S. is still short 7.6 million jobs from where it stood in February 2020.

 

 

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Lastly, check out these Paycheck Talk Exclusives: 

Like this one about how Unemployment has new call-in process to report work search activity  

Or this article about Federal Money To Fix Michigan Bridges

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