Unemployment is over 9% in 8 states not a good sign for IT Pros

As people continue to forecast an improvement in the economy, the latest BLS data shows there still are 8 states with unemployment number that are higher than 9%.

In the long run that is not good news for IT pros.  First, companies in those regions do not have good prospects so they typically will not hire or invest in new systems. Second, those who have jobs in high unemployment areas are less likely to move to new companies because of uncertainty about the economy reducing the number of opening created by voluntary moves.

The states with the highest unemployment numbers are:

  • Nevada – 12.0%
  • Rhode Island – 10.8%
  • California – 10.7%
  • New Jersey – 9.8%
  • North Carolina – 9.6%
  • South Carolina  – 9.6%
  • Georgia – 9.3%
  • New York – 9.1%

Add to that the influx of undocumented worker in California, Nevada, New York and New Jersey the employment picture looks like anything but positive. When will this turn around?  If you listen to many economists, there is a new trend that they say is happening and this may be the norm for the next several years.

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA's Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.