Unemployment Below 5% in Nebraska, the Dakotas, Wyoming and Vermont

March 30, 2013 by Douglas A. McIntyre

While the nation’s unemployment rates remains at an historically poor rate of 7.7% and the Federal Reserve vows to keep rates low until the number is lower than 6.5%, there are a few states which care the equivalent of employment heaven.

Most of these states are clustered in the sparsely populated Plains where fracking and other energy extraction has driven state GDP up by extraordinary amount. There are barely any free to be hired in North Dakota, where the unemployment rate is 3.3%. The state is often called the fracking capital of the world. It has only 672,000 residents.

South Dakota’s rates is 4.4% in a state with only 833,000 people. Wyoming’s is 4.9% against its 563,000 people. In the Midwest, Nebraska’s is 3.8% against its population of 1,833,000. And, in the Northeast, Vermont’s is 4.4% against a population of 626,000.

The most notable thing about theses states, and the one aspect of their unemployment rates which is misleading, is that, among the, they have a total population less than Wisconsin’s.

A look across all the states by unemployment rate for January as reported by the BLS:

United States (1) ……………….| 7.7 | Alaska …………………………| 6.5 California ……………………..| 9.6 Georgia ………………………..| 8.6 Hawaii …………………………| 5.2 Idaho ………………………….| 6.2 Illinois ……………………….| 9.5 Indiana ………………………..| 8.7 Iowa …………………………..| 5.0 Kansas …………………………| 5.5 Louisiana ………………………| 6.0 | Maryland ……………………….| 6.6 Massachusetts …………………..| 6.5 Michigan ……………………….| 8.8 Minnesota ………………………| 5.5 Mississippi …………………….| 9.6 Missouri ……………………….| 6.7 Montana ………………………..| 5.6 Nebraska ……………………….| 3.8 Nevada …………………………| 9.6 New Hampshire …………………..| 5.8 | New Jersey ……………………..| 9.3 New York ……………………….| 8.4 North Carolina ………………….| 9.4 North Dakota ……………………| 3.3 Ohio …………………………..| 7.0 Oklahoma ……………………….| 5.0 Rhode Island ……………………| 9.4 South Dakota ……………………| 4.4 Texas ………………………….| 6.4 Utah …………………………..| 5.2 | Vermont ………………………..| 4.4 Virginia ……………………….| 5.6 Wyoming ………………………..| 4.99

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.