By Orion Investment Real Estate
A new study found Arizona is the No. 5 best state for hiring as the unprecedented hiring crisis worsens. CareerCloud today released a study on the Best States to Hire Workers using data from the Census Bureau, BLS, Tax Foundation, and the St. Louis Fed.
The rankings were determined by analyzing five factors: business tax policies, population increases, adults with bachelor’s degrees, diversity, and job openings to compete against.
Arizona ranked No. 23 in its business tax policies, No. 4 in population increase, No. 29 for adults with bachelor’s degrees, No. 12 for diversity, and No. 10 for job openings.
It has never been more challenging to hire workers. The Bureau of Labor Statistics (BLS) reported on October 4 that there were 10.7 million unfilled jobs in the United States while unemployment is at 3.7%. This means there were a historically low .5% unemployed Americans for every open job. Simply put, employers are currently hiring from the smallest pool of unemployed job candidates than at any time in the 21st century. Moreover, many of the job seekers are holding out for jobs they are more passionate about.
For comparison, there were 1.5 unemployed Americans for every job opening in September 2007, prior to the Great Recession, a number that grew to 6.5 in July 2009 coming out of it.
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