Unemployment not all bad in US

The Cambodia News.Net
Wednesday 25th August, 2010

There are still states in the US that are reporting low unemployment.

While every U.S. state experienced job losses during the recent downturn, states such as Minnesota, Kansas and Wyoming have a mix of industries and natural resources to cushion the blow.

For instance, the 9.5 percent national average of unemployment is lower in Iowa by almost 3%.

Outperforming other states with its diverse economy and agricultural base, Iowa still has a strong hiring market.

Minnesota, which has plenty of manufacturing, raw materials, and high education stands at 6.8 percent unemployment.

Wyoming, with its commodities and tourism strengths has a low unemployment rate of 6.7 percent.

Kansas, powered by agriculture and oil and natural gas 6.5 percent is also lower than the U.S. overall rate by three percentage points.

Hawaii, the country’s tourism magnet has very low unemployment at 6.3 percent.

Vermont, at 6% unemployment, is strong in dairy production, logging, manufacturing, insurance and tourism. It also ranks 17th in mortgage affordability nationwide.

New Hampshire has an unemployment rate of 5.8 percent, thanks to its agriculture, tourism and manufacturing.

Nebraska rates at 4.7 percent with agriculture and transport keeping it buoyant.

South Dakota has services and agriculture and rates at 4.4 percent.

North Dakota’s rate is even better at a very low 3.6 percent, driven by commodities and agriculture.