For many, the economic recovery won’t be real until there’s solid job creation every month. Though the pace of hiring picked up in 2011-2012, recent months have been disappointing. June payrolls released July 6 were no different. The economy created 80,000 jobs during the month, below economists’ forecasts. Still, in the 12 months between CNBC.com’s 2011 and 2012 Top States for Business reports, the economy has created 1.8 million jobs — by far the most since the 2006-2007 period.
A third of the new jobs has been concentrated in 10 states. Five states — Alaska, Maine, Mississippi, Rhode Island and Wisconsin — have lost jobs in the 12 months. (Delaware payrolls were flat.)
The list of top 10 job-producing states does not include all of the most populous ones in the nation. In fact, a couple on the list are in the bottom half of population totals. Some on the list are clearly part of a surprising manufacturing rebound, while a couple are benefiting from the robust energy sector. Virtually every state lost jobs in one or more of the Bureau of Labor Statistics’ 11 sectors. (Construction and government were two widespread losers.)
Look ahead to see the top 10 job-generating states as well as which sectors and companies are contributing to the growth.
Posted 11 July 2012