People looking for a job might want to try Colorado, according to a recent study by a personal finance website.
The study by GoBankingRates.com looked at each state’s employment and unemployment rates over the past decade. Colorado ranks number one, the study said, because of its low unemployment rate and 17.2 percent employment growth.
“The state’s unemployment rates have stayed comparatively low over the past decade, making it No. 1 on the list as the best place to find a job,” the personal finance website said.
Colorado’s unemployment rate has averaged 3.6 percent over the past five years and 5.7 percent over the past 10 years. The national unemployment rate has been around 3.8 percent this year, according to the Bureau of Labor Statistics.
Colorado’s 10-year labor participation rate is 69 percent, according to the study, which listed Denver, Boulder and Colorado Springs as the best cities for those looking to work in the tech industry.
Other top states for jobs include New Hampshire, Utah, Minnesota, and Idaho.
West Virginia, Alaska, New Mexico, Wyoming, and Louisiana were among the worst states for those job searching.
Colorado’s economy has been strong recently with 3.8 percent growth in the third quarter of 2018 – the sixth highest gross domestic product growth nationally. The state’s overall GDP was $369 billion in that quarter.
Population growth numbers in Colorado suggest people are noticing the state’s growing economy and access to jobs.
Colorado’s population grew by 80,000 people in 2017 to 2018, according to the U.S. Census Bureau.