Nationally, there were 11.2 million unfilled jobs in July 2022, nearly 200,000 more than there were the previous month, according to a recent report from the Bureau of Labor Statistics. . The worsening labor shortage is attributable to several general trends, including reduced immigration, mass retirements and rising slack rates – disruptions that have emerged alongside the Covid-19 pandemic.
It remains to be seen whether hiring will continue to outpace job growth in these states, but low unemployment rates in many of them will present a major challenge for employers going forward. In the majority of states on this list, the July unemployment rate was lower than the 3.5% national average.
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.