Walmart Nation: Mapping America's Biggest Employers
Connect with us

Markets

Walmart Nation: Mapping America’s Biggest Employers

Published

on

Walmart Nation: Mapping America’s Biggest Employers

In America, approximately 150 million people are currently employed, doing everything from neurosurgery to greeting customers at your local Walmart Supercenter.

While there is a breathtaking variety of jobs out there, a few large-scale organizations stand out as the top employer in each state.

The Largest Employer in Each State

The U.S. is the third most populous country in the world, so it takes a lot of manpower to keep the government running. It’ll come as no surprise that, in most states, either the state or federal government is the top employer. California alone employs a quarter of a million federal workers.

New York State is a unique case as NYC’s municipal workforce is the top employer.

Technically, the largest employer on the planet is the U.S. Department of Defense, and in eight states, there are more active military personnel than any single private employer.

Non-Government Employers

When we exclude direct government and military employment, a few trends emerge. Universities and hospitals – there is often some overlap between the two – are top employers in nearly half of the states.

In a handful of cases, the top employer reflects an industry that is well known in the region. General Motors, for example, is still the top employer in Michigan. In Nevada? MGM Resorts International, with over 55,000 employees.

When it comes to large-scale employment, there’s one regional trend that stands out the most – the broad blue expanse of Walmart country.

Walmart Map: The Biggest Employers in United States
View the high resolution version of today’s graphic by clicking here.

Walmart Nation

Walmart is the biggest company in the world by revenue, and there are over 3,500 Walmart Supercenters spread around the United States alone. It takes about 1% of private sector workforce in the United States to keep this massive fleet of big box stores running. In Arkansas, that figure jumps up to 4%, with about one-third of the total retail workforce employed at the retail giant.

Here’s a full look at the 21 states where Walmart is the top employer.

State# of Walmart Employees
Texas168,403
Florida107,460
Georgia60,002
Illinois53,687
Arkansas52,367
Ohio50,186
Virginia43,623
Missouri42,029
Tennessee40,598
Indiana39,875
Alabama37,207
Louisiana36,309
Oklahoma32,713
South Carolina32,165
Kentucky29,554
Mississippi24,180
Kansas20,103
West Virginia11,864
New Hampshire7,593
Montana4,861
Wyoming4,648

What About Amazon?

When we talk about the retail industry, it’s impossible to avoid discussing Amazon. The e-commerce company is growing at an impressive clip, and is now the second largest private employer in the country, with over half a million employees.

That said, even with the acquisition of Whole Foods, Amazon still has a long way to go to catch up to Walmart’s massive employee count. The company’s reliance on contract workers and supply chain automation means that this map is unlikely to turn orange in the near future.

Subscribe to Visual Capitalist
Click for Comments

Markets

The Top Google Searches Related to Investing in 2022

What was on investors’ minds in 2022? Discover the top Google searches and how the dominant trends played out in portfolios.

Published

on

Trend lines showing when the top Google searches related to investing reached peak popularity over the course of 2022.
The following content is sponsored by New York Life Investments

The Top Google Searches Related to Investing in 2022

It was a turbulent year for the markets in 2022, with geopolitical conflict, rising prices, and the labor market playing key roles. Which stories captured investors’ attention the most? 

This infographic from New York Life Investments outlines the top Google searches related to investing in 2022, and offers a closer look at some of the trends.

Top Google Searches: Year in Review

We picked some of the top economic and investing stories that saw peak search interest in the U.S. each month, according to Google Trends.

Month of Peak InterestSearch Term
JanuaryGreat Resignation
FebruaryRussian Stock Market
MarchOil Price
April Housing Bubble
MayValue Investing
JuneBitcoin
JulyRecession
AugustInflation
SeptemberUS Dollar
OctoberOPEC
NovemberLayoffs
DecemberInterest Rate Forecast

Data based on exact searches in the U.S. from December 26, 2021 to December 18, 2022.

Let’s look at each quarter in more detail, to see how these top Google searches were related to activity in the economy and investors’ portfolios.

Q1 2022

The start of the year was marked by U.S. workers quitting their jobs in record numbers, and the effects of the Russia-Ukraine war. For instance, the price of crude oil skyrocketed after the war caused supply uncertainties. Early March’s peak of $125 per barrel was a 13-year high.

DateClosing Price of WTI Crude Oil
(USD/Barrel)
January 2, 2022$76
March 3, 2022$125
December 29, 2022$80

While crude oil lost nearly all its gains by year-end, the energy sector in general performed well. In fact, the S&P 500 Energy Index gained 57% over the year compared to the S&P 500’s 19% loss.

Q2 2022

The second quarter of 2022 saw abnormal house price growth, renewed interest in value investing, and a bitcoin crash. In particular, value investing performed much better than growth investing over the course of the year.

IndexPrice Return in 2022
S&P 500 Value Index-7.4%
S&P 500 Growth Index-30.1%

Value stocks have typically outperformed during periods of rising rates, and 2022 was no exception.

Q3 2022

The third quarter was defined by worries about a recession and inflation, along with interest in the rising U.S. dollar. In fact, the U.S. dollar gained against nearly every major currency.

Currency USD Appreciation Against Currency
(Dec 31 2020-Sep 30 2022)
Japanese Yen40.1%
Chinese Yuan9.2%
Euro25.1%
Canadian Dollar7.2%
British Pound22.0%
Australian Dollar18.1%

Higher interest rates made the U.S. dollar more attractive to investors, since it meant they would get a higher return on their fixed income investments.

Q4 2022

The end of the year was dominated by OPEC cutting oil production, high layoffs in the tech sector, and curiosity about the future of interest rates. The Federal Reserve’s December 2022 economic projections offer clues about the trajectory of the policy rate.

 202320242025Longer Run
Minimum Projection4.9%3.1%2.4%2.3%
Median Projection5.1%4.1%3.1%2.5%
Maximum Projection5.6%5.6%5.6%3.3%

The Federal Reserve expects interest rates to peak in 2023, with rates to remain elevated above pre-pandemic levels for the foreseeable future.

The Top Google Searches to Come

After a year of volatility across asset classes, economic uncertainty remains. Which themes will become investors’ top Google searches in 2023?

Find out how New York Life Investments can help you make sense of market trends.

Subscribe to Visual Capitalist
Click for Comments

You may also like

Subscribe

Continue Reading

Subscribe

Popular