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Tuesday, September 29, 2009

Top 10 Best And Worst Job Markets In The USA (2009)

Here is a list of the top 10 best and worst job markets in the United States for 2009 as follows:


3.South Dakota
6.North Dakota
7.West Virginia


2.Rhode Island
7.New Jersey
10.District Of Columbia

According to combined Gallup Poll Daily tracking for all of 2008, oil-producing states Wyoming, Louisiana, Oklahoma, and Texas took four of the top five spots as the "best state job markets." By way of contrast, long economically depressed Michigan and housing disaster states Florida and Nevada took three of the four "worst state job market" spots.

These results are based on aggregated data from more than 100,000 interviews with employed adults in 2008. Gallup asked those who were employed whether their companies were hiring workers and expanding the size of their labor forces, not changing the size of their workforces, or laying off workers and reducing the number of employees they had. The figures reported here represent the net difference between the percentage reporting an expansion and the percentage reporting a reduction in their workforces.

Over the course of 2008, nationwide and in each state, this net score was positive. However, over the last several weeks it has been near zero or negative as job losses have mounted.

In addition to South Dakota and the four oil-producing states mentioned above, other "best job market" states include oil states like North Dakota, those benefiting from coal like West Virginia, and farm states with comparatively good economies from ethanol and a strong commodities market like Nebraska. Financial-crisis states in the Northeast, including Rhode Island, Delaware, Vermont, New Jersey, Connecticut, and Maine are some of the "worst job market" states, as is the housing crash state of California.

The second quintile of "better job market" states includes those with comparatively better economies because they are also energy-related, like Alaska, and farm-related, like Kansas. Similarly, the second-worst quintile of "poor job market" states have economies damaged by the financial debacle, like New York; the manufacturing depression, like Ohio; and the housing disaster, like Arizona.

Not surprisingly, there is a great deal of overlap between state job-market conditions and state consumer confidence. Eight of the best job-market states are in the top 10 in terms of consumer confidence and 6 of the worst job-market states are in the bottom 10 in consumer confidence. (The full data for all states appear at the end of the article.)

Bubble Economics

The state job-market results for 2008 tend to reflect the "bubble" economics of recent years. For example, the fallout from the housing-bubble collapse has cratered the job market in many states, as has the crash of the financial services bubble. For the year as a whole, the energy and commodities bubbles created some comparatively good job-market conditions, but now that those bubbles have burst, many of those states that had the best job markets in 2008 are beginning to experience bubble-bursting fallout in their job markets.

The reality is that all of the recent business-sector and geographic bubbles have produced tremendous economic uncertainty and instability. In turn, Gallup's net new hiring measure shows that these economic conditions have produced a crashing job market throughout 2008. While the net new hiring numbers were positive for 2008 as a whole, they were negative as the year came to a close, indicating that job losses continue to accelerate -- surging past the 100,000-a-week rate.

Right now, everyone seems to be counting on the Federal Reserve and the federal government to stop the bleeding. The question is whether this proposed "solution" will stimulate the real private-sector economy, increasing the demand for new employees and creating new jobs, or will simply end up creating another unsustainable government spending bubble.

Survey Methods

Results are based on telephone interviews with 112,276 employed adults, aged 18 and older, conducted in 2008 as part of Gallup Poll Daily tracking. For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±1 percentage point.

The maximum margin of sampling error for the states ranges from ±1 percentage point for large states such as California to as high as ±8 percentage points for the District of Columbia.

Interviews are conducted with respondents on land-line telephones (for respondents with a land-line telephone) and cellular phones (for respondents who are cell-phone only).

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls. Click Here for Net New Hiring Index By State Survey Results Chart


Tuesday, September 15, 2009

Top 10 Employers For Workers Over 50 (2009)

Here are the Top 10 (well 50 actualy) employers for workers over the age of 50 (2009 edition)...

2009 Winners
1. Cornell University
2. First Horizon National Corporation
3. National Institutes of Health
4. The YMCA of Greater Rochester
5. National Rural Electric Cooperative Association
6. S. C. Johnson & Son, Inc.
7. Massachusetts Institute of Technology
8. Stanley Consultants
9. Brevard Public Schools
10. George Mason University
11. City of Glendale, Arizona
12. Securian Financial Group
13. Dept of Veterans Affairs, Veterans Health Admin.
14. Nevada Federal Credit Union
15. Pinnacol Assurance
16. Oklahoma City University
17. Intuitive Research and Technology Corporation
18. Blue Cross and Blue Shield of North Carolina
19. DentaQuest
20. Adecco Group North America
21. Manheim
22. Commonwealth of Massachusetts--Executive
23. Lee County Electric Cooperative
24. Virginia Commonwealth University
25. GlaxoSmithKline
26. The Aerospace Corporation
28. Harvard University
29. Pepco Holdings, Inc.
30. F.E.G.S. Health and Human Services System
31. San Antonio Lighthouse for the Blind
32. Horizon Blue Cross Blue Shield of New Jersey
33. University of Pittsburgh
34. Solix Inc.
35. Avis Budget Car Rental, LLC
36. S&T Bank
37. Michelin North America
38. Pearson
39. Corinthian Colleges, Inc.
40. FCCI Insurance Group
41. Hanson Professional Services Inc.
42. Union Bank
43. MEI Technologies, Inc.
44. Intel Corporation
46. Winston-Salem Industries for the Blind, Inc.
47. GA Department of Human Resources
48. Express Employment Professionals
49. Prestige Services, Inc.
50. University of St. Thomas

(source: )