Learning About Unemployment

While studying unemployment, I have learned some causes for rates to be lower or higher.  I have focused on states in the United States and their unemployment rates, and I have found a list of the top ten lowest unemployment rates in the US, and have been looking for why their unemployment rates are so much lower than the others in the country.  People have connected many things to low unemployment rates, such as what industries are around, and what education people have.

What's in the area is an important factor of the unemployment rate.  If there is a large oil reserve under a certain area, there will be more jobs open for extracting it, processing it, and overseeing the work that is done.  Places with low unemployment rates usually have lots of natural resources in the area.  North Dakota has an unemployment rate 5.9% lower than the national US average, at 3.6%.  This state has many different jobs available because of the area they are in.  In North Dakota, there in petroleum and good land for farming.  The natural area can also open jobs for tourism, because many people will come to that place to look at natural wonders, visit national parks, or just stay there for a bit because it's nice.

Many unemployment rates are affected greatly by the education people in the area have.  For example, Minnesota's unemployment rate is 6.8%, which is 2.7% lower than the national average.  This may be because 31% of the adult population has either a bachelor's degree or higher.  This allows for more people to get better jobs, and can cause openings for people who could work under them.  For example, if there are no jobs open except for many spots for lawyers, everyone will want to be a lawyer.  However, if a jobless person that didn't go to school tried to apply to be a lawyer, he wouldn't get the job.  If people in that place had good education, it would be much easier to get that job as a lawyer, because they would know how to do that job.

Here is a site I used to compare unemployment rates to job openings and education.  Fish