Colorado State University and University of Northern Colorado seniors should rejoice.

Business.org just ranked Colorado the seventh best state for new graduates to start their career in 2020.

business.org
business.org
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Multiple factors were considered when putting this list together, including:

  • Median rent as a percentage of household income (25%) The higher rent costs are for recent grads, the harder it'll be for them to buy other things they might need or save for their future.
  • Percentage of jobs requiring a bachelor's degree or higher (25%) Business.org says that states with a higher percentage of jobs that require a bachelor's degree or higher will provide recent graduates with more opportunities to score a job that matches their education.
  • Employment growth projection from 2019–2021 in percentage points (20%) States that are booming with new businesses will need to hire employees for various open roles, providing recent graduates with more opportunities to secure a job.
  • Unemployment rate in 2018 (age 25–29) (20%) The lower the unemployment rate in this age range is, the better chance recent grads have to get employed
  • Unemployment rate change from April to July 2020 in percentage points (10%) Business.org found information regarding the unemployment rate change between April and July of this year in all 50 states; Lower values on the chart below signify a decline in unemployment during this time period.
business.org
business.org
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Utah has the highest employment growth projection of 5.5% for 2019–2021 and the third lowest unemployment rate in those ages 25-29 (2.6%), making it the #1 state for new graduates to start their career in 2020.

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