ByANNAMARIA ANDRIOTIS
Each month, the unemployment> numbers grow more staggering. Since January 2008, more than four million people have lost their jobs, pushing the nation's unemployment rate to 7.6% -- a 16-year high, according to the Bureau of Labor Statistics.
While no state's work force remains unscathed, some are faring better than others. Wyoming and the Dakotas, for example, boast unemployment rates of under 4% (well below the 9.3% that s plaguing California), according to the BLS's statewide data for December. Meanwhile, certain metro areas in Texas, including Houston and Dallas, actually experienced job growth> in 2008.
The economic stimulus plan proposed by President Obama could help stem some of the bleeding in other, harder hit parts of the country as well. The plan proposes to create (or save) three to four million jobs over the next two years through investments in infrastructure, health care, energy and other areas. Should the plan get passed, the rate at which job losses have been mounting could start to retreat as early as April, says Dean Baker, co-director of the Center for Economic and Policy Research, a Washington, D.C.-based nonpartisan think tank.
For workers grappling with unemployment -- or foresee a layoff in their near future -- one way to focus your career search is to seek out regions of the country with the most favorable conditions (those with low unemployment rates and perhaps even job creation taking place) and could stand to benefit from the stimulus plan.
The number of jobs the plan proposes to create can be found here
Here are five places that show the most promise for job seekers.
Wyoming
Wyoming has a 3.4% unemployment rate, the lowest in the country thanks to its heavy exposure to oil and gas exploration as well as coal mining, says Warren Bland, an economic geographer at California State University, Northridge. President Obama's push for the use of clean-coal technology could also help the state win more jobs in the future, says Ross DeVol, director of regional economics at the Milken Institute.
Texas
Major employers include AT&T (T), Dell (DELL) and ExxonMobil (XOM).) The job opportunities and low cost of living help keep college students in Texas post-graduation, he says. The state is also home to three metropolitan areas that saw the biggest increase in employment in the country in 2008: Houston, Dallas and San Antonio (in that order). Austin came in fifth. Should the stimulus package pass, expect to see even more jobs in energy and infrastructure, says Milken's DeVol.
D.C./Northern Virginia
Yes, D.C. has a miserable unemployment rate of 8.8%. But when combined with the surrounding cities of Alexandria and Arlington, Va., that rate drops to a much more respectable 4.7% -- the second lowest in the country among large metropolitan areas. Not only that, but D.C. stands to benefit handily from the stimulus plan, which aims to create (or save) one new job for every 25 workers. Government work related to the military, lobbying or think tanks are already in high demand, says Bland. Another hiring bright spot should the stimulus pass? Administrative jobs in the government, says Baker.
Utah
Utah's unemployment rate is the fifth lowest in the country at 4.3%. Graduates from its two most popular universities Brigham Young University and the University of Utah are launching start-up companies that develop medical devices and software, says DeVol. Some of the state s largest employers include medical facility operator Intermountain Health Care and computer equipment maker Novell (NOVL). The state could benefit from the stimulus's planned increase in spending on health care, breeding opportunities for both nurses and those in information techology, says DeVol.
Oklahoma
Oklahoma s employment outlook is a far cry from that of the Dust Bowl era. Known for producing and distributing wheat, corn and cotton, the state reaped some nice profits from its agricultural roots last year, says Bland. It was also helped by its exposure to the oil and natural gas industries. Not only that but the state's capital, Oklahoma City, currently boasts a 4.6% unemployment rate, the lowest of all the larger metropolitan areas. Some of the state s big employers include Devon Energy (DVN), Chesapeake Energy (CHK) and utility company Oklahoma Gas & Electric, a unit of energy-services provider OGE Energy (OGE). The stimulus bill could add an extra jolt to the state's energy sector, which could help create posts for engineers and technicians positions, says DeVol.



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