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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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