Positive Trends in the June 2014 Regional Jobs Report

by Modis on July 18, 2014

March 2014 National Jobs Report Modis

While there was little change for the month, the June 2014 Regional Jobs Report from the U.S. Bureau of Labor Statistics showed positive trends over the past year. As we previously indicated, the National Unemployment rate has declined 1.4 percentage points from June 2013. This can be attributed to the fact that 49 states and the District of Columbia have unemployment rate decreases the past twelve months.

State Job Stats for June

In June, 22 states and the District of Columbia decreased their unemployment rate from May, while 14 states showed increases, and 14 states reported no change. The following states had the highest employment increases:

  • Florida +37,400 jobs
  • California +24,200 jobs
  • New York +22,500 jobs

On a percentage basis, the D.C., Indiana, North Dakota, and Oklahoma posted the largest over-the-month increases with 0.6%.

The positive trending of the employment situation is most apparent in the over-the-year numbers. Since June 2013, employment has increased in 47 states and the District of Columbia. The largest employment percentage increases were reported in the following states:

  • North Dakota +4.8%
  • Nevada +3.9%
  • Utah +3.5%

June’s Region-Specific Job Data

Once again, the Midwest’s 5.9% unemployment rate was the lowest and Western region had the highest unemployment rate at 6.7%. Despite being the highest, the West did report a 0.2% decrease in unemployment. For the year, the growth trends continue regionally as the following significant decreases were seen across all regions:

  • Northeast -1.5%
  • Midwest -1.4%
  • West -1.4%
  • South -1.2%

The Effect on IT Talent

As the employment numbers continue to trend upwards, top talent demands higher salaries. Bloomberg’s recently released report of Where Geeks Got the Biggest Pay Raises: Top 16 U.S. Metro Areas highlights where IT talent is earning the most. Let us help you connect with the talent you need for your organization.

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