In this article, we are going to look at the 5 states with the most job growth in 2023. If you want to read more about the states with the most job growth and check out our detailed analysis of the job market in America, you can go to 20 States With the Most Job Growth in 2023.
5. Kentucky
Year-Over-Year Job Growth Rate: 2.6%
New Jobs Added Year-Over-Year: 52,200
Kentucky is a state in the Southeastern region of the US that ranks among the top 5 on our list of states with the most job growth in 2023. Kentucky has a diversified economy with major industry sectors including agriculture, auto manufacturing, energy fuel production, and medical facilities. Kentucky’s employment for October 2023 grew by 2.6% year-over-year and it added 52,200 more new jobs.
4. Florida
Year-Over-Year Job Growth Rate: 2.9%
New Jobs Added Year-Over-Year: 278,400
Florida is the southeasternmost US state and one of the most populated states in America. The main industries driving the economic landscape of Florida are tourism, hospitality, agriculture, real estate, and transportation. Florida saw a 2.9% job growth in October 2023 year-over-year and it added 278,400 more new jobs over the year.
3. Texas
Year-Over-Year Job Growth Rate: 2.9%
New Jobs Added Year-Over-Year: 391,500
Texas is the second most populated and second largest state in the US. The oil and gas industry is the largest industry in Texas. Other major sectors include information technology, aerospace and defense, agriculture, tourism, and healthcare. Texas’ employment for October 2023 grew by 2.9% year-over-year. While Texas ranks third on our list of states with the most job growth in 2023, it added the highest number of new jobs over the year, which totaled 391,500.
2. Nevada
Year-Over-Year Job Growth Rate: 3.4%
New Jobs Added Year-Over-Year: 52,200
Nevada is a state in the Western region of the US, and it ranks second on our list of 20 states with the most job growth in 2023. While Nevada is a major producer of gold and mining is a substantial sector of the economy, the tourism industry remains the state’s largest employer. Nevada’s employment for October 2023 grew by 3.4% year-over-year and it added 52,200 more new jobs.
1. Idaho
Year-Over-Year Job Growth Rate: 3.5%
New Jobs Added Year-Over-Year: 28,900
Idaho in the Northwest US is known for its mountainous landscapes, natural beauty, wilderness, and outdoor recreation areas. Idaho’s industrial economy is growing, and the science and technology sector in the state is quickly becoming a major industry. Previously, the number of total jobs in Idaho stood at 834,600 in October 2022. By October 2023, employment in Idaho had surged 3.5% year-over-year and it added 28,900 more new jobs to reach a total of 863,500. Idaho tops our list of 20 states with the most job growth in 2023.
You can also take a look at 25 Most Affordable Places to Retire in the World and 25 Best Cities Where You Can Retire On $3500 A Month.
