Virginia, Oklahoma, and North Carolina Ranked Among the “10 Best States in America for Jobs"

Three states where Greysteel conducts business, Virginia, Oklahoma, and North Carolina, were ranked among the “10 Best States in America for Jobs” by a recent study conducted by job-search site Zippia. Based on data from the Bureau of Labor Statistics (BLS) and the Census Bureau’s American Community Survey (ACS), Zippia ranked each state using four criteria, then averaged the criteria ranking for all four. The lower the ranking, the better the states were for jobs.

No. 3 - Virginia

The Commonwealth of Virginia earned the third spot in the best states for jobs. Virginia tied for the 6th lowest unemployment rate (2.8% as of December 2018) and the 7th highest improvement in unemployment, dropping 0.6% from 2017 to 2018. Meanwhile income improvement ranked 12th and home-to-income ratio ranked 21st, due to the higher cost of living. Virginia’s economy is as diverse as the shipbuilding in Hampton Roads, agriculture in rural areas, and seafood harvesting along the Atlantic coast to the technology companies of Northern Virginia.

No. 5 - Oklahoma

Oklahoma was ranked the 5th best state for jobs in the study. The Sooner State led the nation in unemployment improvement, decreasing 0.9% from one year ago, ranked 5th in home-to-income ratio, and tied for the 10th lowest unemployment rate (3.1% as of December 2018). Oklahoma’s economy is largely dependent on the oil and natural gas industry, but is becoming increasingly diversified, with aviation and aerospace, bioscience, education, and health care sectors contributing a significant role in the Greater Oklahoma City region.

No. 9 - North Carolina

North Carolina beat out Georgia for the ninth spot on the list. The Tar Heel State tied for the 8th highest improvement in unemployment, dipping 0.5% from 2017 to 2018, but recorded the 20th lowest unemployment rate (3.7% as of December 2018) and ranked 24th in home-to-income ratio. North Carolina is home to Research Triangle Park, a massive research hub that is home to more than 200 companies and attracts students from surrounding schools such as Duke University, North Carolina State University, and the University of North Carolina—Chapel Hill. While the state’s largest city of Charlotte has grown to become the second-largest banking center in the nation.

The four criteria used include:

  • Improvement in unemployment (year-over-year)
  • Current unemployment rate
  • Home prices compared to median income
  • Resident income improvement (year-over-year)

The top 10 best states for jobs:

  1. Iowa
  2. Minnesota
  3. Virginia
  4. Nebraska
  5. Oklahoma
  6. South Dakota
  7. Missouri
  8. New Hampshire
  9. North Carolina
  10. Georgia
Source: Greysteel Research, Zippia