May 22, 2011

Guess Which Five States Have Had the Highest Percentage Employment Growth So Far This Year?

Filed under: Economy,Taxes & Government — Tom @ 9:57 pm

Before I reveal the answers, a few points and cautions:

  • It’s only four months, and April is still subject to revision.
  • The comparisons had to be done on seasonally adjusted figures, because seasonal factors differ between states. Seasonally adjusted figures have been known to be quirky, especially as volatile as employment figures have been, mostly in the wrong direction, the past few years.
  • Numbers 1, 2, 3, and 4 are relatively small states.
  • Number 5 isn’t Texas.
  • Did I remember to say it’s only four months?

The complete list of employment growth by state is after the jump if you’re on the home page:

AllStateEmplymtGrow1210to0411

Well, well. Other than relatively small Nebraska and West Virginia, oil-driven North Dakota, and strict immigration enforcement-benefitting Oklahoma, Ohio has thus far had the highest percentage growth in employment of any state in the U.S. so far this year.

The presumptive credit goes to John Kasich, who has brought in what commenter Joe C perceptively refers to as “The Conservative Effect” – “the rational response by business and individuals that The Democrat Effect has either ended or at least been curtailed sufficiently that a rebound of latent economic activity occurs.”

This of course requires a reminder to readers of Joe C’s definition of “the Democrat Effect,” which is: “the rational response by firms to prepare for the inevitable insult to the economy from oppressive regulation, litigation, and taxation–which started election night of ‘06 led to the POR (Pelosi-Obama-Reid) Economy of ’08 as predicted.”

Another several months of this and those who are pushing for the repeal of SB5 are going to have a mighty difficult case. SB5 has a presumptive relationship to Ohio’s seemingly improving business climate.

Memo to John Kasich: Don’t get cocky (or, given his demonstrated temperament thus far, for cryin’ out loud don’t get any more cocky).

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