The state of New York tops the list, as the report expected 49,000 more people to leave the Empire State than arrive this year. Furthermore, New York has lost an average of 100,000 residents per year over the past five years. One economist told the source that the state's affluent culture and high taxes may have forced some jobless residents to consider moving into a more moderately priced region.
Illinois registered at number two on the list, as the state expects to lose 27,000 people this year, which is right around its annual average over the past five years, according to the report. The state's economy and tax structure are to blame for the losses, says one economist.
However, economists say the economy's future may benefit due to the high number of people moving around the country. Nathaniel Karp, chief economist for banking firm BBVA Compass, told Forbes, "Mobility makes it easier to respond to economic cycles," noting unemployment rates remain high because some people are living in areas where there are no jobs.
The state with the top three cities with the lowest unemployment rates is North Dakota, according to the Labor Department. People moving around the country looking for work may want to consider the Peach Garden state.
More News