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Filed: Timeline
Posted
Look ahead to see the top 10 job-generating states as well as which sectors and companies are contributing to the growth.

1.Texas

Net Job Creation: 237,500

The Texas economy grew at twice the state average, which may explain why the state posted job growth in all but one of the private-sector categories — and that one, information, was almost flat. The big job loser was government; the 50,000-decline in payrolls was second only to California. Texas also led the nation in new mining and logging jobs, reflecting the strong energy sector. Houston — home to ExxonMobil, ConocoPhillips, BakerHughes and Schlumberger, among others — led the state in job creation for the third year in a row.

Trade, Transportation, Utilities: 53,200

Education & Health Services: 50,500

Professional & Business Services: 43,500

2. California

Net Job Creation: 211,500

California managed to create jobs in all but two private-sector categories (manufacturing and general services) along with its solid growth rate. Gains in construction and financial activities partly reflect its improving real estate sector. High tech, tourism and international trade are the leading sectors. The state led the nation in job creation in June. Facebook and Zynga both went on hiring binges in the last year.

On the negative side, as might be expected of a cash-strapped state, government payrolls fell by almost 60,000.

Professional & Business Services: 90,800

Education & Health Services: 48,800

Trade, Transportation, Utilities: 42,000

3. New York

Net Job Creation: 135,000

Most of the state’s job creation came from two sectors, offsetting declines in several others (information, construction, government, manufacturing). Despite sub- par overall economic growth, New York was one of several states to benefit from a later-than-usual bounce in service jobs. Payrolls in New York City rose 2.4 percent in the past 12 months, fifth best among the state’s top metro areas. The city has been experiencing a wave of IT startups, such as Foursquare and Tumblr, which have been generating jobs.

Professional & Business Services: 58,500

Education & Health Services: 33,800

Trade, Transportation, Utilities: 21,700

4. New Jersey

Net Job Creation: 50,700

Even though New Jersey was one of a handful of states to have negative GDP in 2011, its economy cranked out jobs just the same. May was the best month in seven years for the state. The state’s white-collar sector was weak, with payrolls down in information and flat in financial activities, partly because of Wall Street layoffs. New Jersey also had one of the largest increases in education and health services.

The state has one of the highest concentrations of S&P 500 companies, including ADP, Honeywell and Merck.

Education & Health Services: 28,000

Trade, Transportation, Utilities: 12,300

Leisure & Hospitality: 9,300

5. Florida

Net Job Creation: 50,300

Florida’s job growth was evenly concentrated in three areas while traditional economic engines didn’t fare as well. Even as the state showed signs of emerging from a deep real-estate slump, construction payrolls plunged. In addition, the important leisure and hospitality sector showed a small gain. Economic growth was well below the state average. Florida, home to AutoNation, CSX, Darden Restaurants and Jabil Circuits, is currently offering economic incentives to big and small companies looking to add jobs through expansion or new facilities.

Trade, Transportation, Utilities: 25,600

Professional & Business Services: 25,200

Education & Health Services: 20,200

6. Michigan

Net Job Creation: 50,100

Michigan’s surprising job growth was matched by a stunningly large drop in its unemployment and one of the fastest-growing state economies. Better days for the Big Three are certainly trickling down to the broader labor market. Ford Motor, for example, started adding thousands of jobs at plants in Michigan and other states. The state added jobs in financial activities category, which includes real estate, but continued to bleed jobs in construction.

Professional & Business Services: 19,400

Manufacturing: 17,400

Education & Health Services: 12,100

7. Washington

Net Job Creation: 48,400

Fast-growing companies like AVIBioPharma, Zillow.com and Dendreon, along with old reliables like Amazon, Microsoft and Boeing, mean job growth in a state that had one of the best GDP rates. Boeing, for instance, has been adding jobs in ramping up production of its jet programs in the region. Washington is one of the few states to add construction jobs in the past 12 months. It also registered a large drop in government payrolls.

Trade, Transportation, Utilities: 16,400

Manufacturing: 15,700

Education & Health Services: 10,000

8. Virginia

Net Job Creation: 43,700

Virginia managed job growth in all but two of the 10 BLS categories — information and construction — despite one of the lowest GDP growth rates. The state benefits from its proximity to the nation’s capital. For instance, there are 1,600 companies listed under the defense category. Northrup Grumman and General Dynamics are headquartered in Virginia, as are many foreign companies, such as Airbus, Mitsubishi, Saab and Volkswagen. Virginia is also home to a large communications and technology sector, including RCN and VeriSign.

Education & Health Services: 12,100

Trade, Transportation, Utilities: 10,200

Financial Activities: 7,900

9. Tennessee

Net Job Creation: 38,100

With major Volkswagen and Nissan plants, Tennessee now ranks No. 1 in auto manufacturing, which continues to be a source of new jobs. Tennessee is also the headquarters of FedEx and an Amazon.com distribution center, which added 100 jobs in 2012. With an above-average growth rate, the state posted payroll gains in all but the information and financial activities sectors. Tennessee also had one of the biggest year-over-year increases in government payrolls.

Manufacturing: 8,500

Education & Health Services: 7,300

Professional & Business Services: 6,900

10. Oklahoma

Net Job Creation: 37,000

A key energy-producing state, Oklahoma has more than 1,300 companies in the oil and natural gas sector, including Chesapeake Energy, the nation’s second-largest gas producer. Nevertheless, Oklahoma enjoyed diverse job growth during the period, despite a below-average GDP growth rate. Payrolls shrank in the information, construction and general services categories. It was one of a small group of states to post an increase in government payrolls.

Trade, Transportation, Utilities: 10,200

Manufacturing: 8,600

Professional & Business Services: 7,300

http://www.cnbc.com/id/48018076?slide=1

Filed: Timeline
Posted

I'm getting glasses soon too! Costco should call me letting me know I can pick them up within a few days. It sucks.

I just got two sets, one for driving, and one for computer use. The computer one is bifocal, without the line. I can't even read a map without reading glasses. It sucks getting old.

 

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