The Bureau of Labor Statistics released their Regional Jobs Report for March 2016 this week. The national unemployment rate saw little change, up 0.1 percent from the previous month to 5.0 percent. Twenty-one states saw their unemployment rates decrease month-over-month, 15 states had increases, and 14 states and the District of Columbia had no change. Thirty-six states and the District of Columbia had employment rate decreases year-over-year, 12 states had increases, and 2 states had no change.
In-Depth Look: IT Industry
The IT industry continues to grow as the unemployment rate in this sector decreased 0.2 percentage points from the previous month, down to 2.5 percent in March. The year-over-year unemployment rate in this sector is down 0.8 percent, showing steady growth overall.
According to Forbes, positions that require skills in numbers and sciences are some of the top positions to hold. Data Scientists, Information Security Analysts, Software Engineers and Computer Systems Analysts are among the top 10 best jobs for 2016.
Here are the top five states that added the most IT jobs in March:
- Maryland: +7,900 IT jobs added
- Ohio: +7,000 IT jobs added
- Michigan: +4,400 IT jobs added
- Wisconsin: +4,100 IT jobs added
- North Carolina: +3,900 IT jobs added
Here are the top five states with the highest IT specific job growth and overall growth year-over-year:
- California: +62,900 IT jobs and +420,800 total jobs added since March 2015
- Florida: +47,200 IT jobs and +234,300 total jobs added since March 2015
- Virginia: +30,500 IT jobs and +108,000 total jobs added since March 2015
- Georgia: +29,300 IT jobs and +130,000 total jobs added since March 2015
- North Carolina: +28,400 IT jobs and +104,300 total jobs added since March 2015
Year-Over-Year, Regional Unemployment Rates Decline
In March, all four regions saw very little month-over-month change in unemployment rates, and none significantly different than that of the U.S. The Northeast had the lowest unemployment rate at 4.7 percent and the West experienced the highest rate again at 5.1 percent. Year-over-year numbers showed a positive trend in the right direction. Here’s a look at the regional unemployment figures:
- Northeast: 4.7% (+0.1% from February to March, -0.9% year-over-year)
- South: 4.9% (-0.1% from February to March, -0.6% year-over-year)
- West: 5.1% (-0.1% from February to March, -0.9% year-over-year)
- Midwest: 4.8% (no change from February to March, -0.2% year-over-year)