Even with a tight labor market, some states might be more advantageous than others when it comes to the job search.
Texas has seen the highest rate of employment growth in the past 10 years out of any state of the country, according to a study conducted by GOBanking Rates. In the past 10 years, employment has grown at a clip of 20.8 percent, the report shows. In the past five years, it has seen employment growth at 9.9 percent.
Those statistics are enough for a No. 7 ranking among the 50 states in terms of the best places for people to looking for a job, the study indicated.
For a look at the states with the highest rate of employment growth, click here.
Colorado topped the GoBanking Rates list. New Hampshire, Utah, Minnesota, Iowa and Massachusetts rounded out the top six ahead of the Lone Star State.
GOBaking Rates compared average unemployment rates over 10 years and five years, employment growth rate changes, employment growth, underemployment rates and ratio of job openings to unemployed people – all from the Bureau of Labor Statistics – in addition to the average labor force participation rate from the Economic Policy Institute, job opening data from Glassdoor, and industry variety by state from the Census Bureau's American Community Survey.
Unemployment has also been mild comparatively in Texas, GOBanking Rates wrote, averaging 4.5 percent over the past five years and 5.88 percent over the past 10. Unemployment in America has been dropping steadily for the past five years and now hovers around 3.6%, according to data from the Bureau of Labor Statistics, the money lifestyle website said.
GOBanking Rates also called Texas' five-year labor force participation moderate, coming in at 64.3 percent.
West Virginia was ranked as the worst place to find a job in the study, followed by Alaska and then New Mexico.