Job Market tightens

Job Market tightens

Job Market tightens – Even with the national unemployment data showing positive improvements, the job market is tightening.  In a review of the just released October unemployment data by state Janco has found two interesting items.

The first is that the number of states with unemployment levels of 6% and greater has increased to 8 states in October versus 6 states in September.  No states fell from the list and Alaska and Oregon were added.

October High Unemployment States - Job Market Tightens
October High Unemployment States – Job Market Tightens

The second is the number of states at full employment levels in October fell to 11 versus 17 in September.   Indiana, Kansas, Idaho, Maine, Wisconsin, Wyoming, Montana, and South Dakota falling from the full employment state list and no states added. Plus this data has not been adjusted for the lowest labor Market participation rate  in almost 40 years.

States with full employment levels
States with full employment levels
National Labor Participation Rate
National Labor Participation Rate lowest in over 38 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, a Graduate School at Harvard University, been a guest lecturer at the UCLA's Anderson School of Business and several other universities in various programs.Prior to Janco, he was a Vice President at Index Systems and found PSR, Inc. and internationally recognized consulting practice.