Walmart Nation: Mapping the Largest Employers in the U.S.
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Walmart Nation: Mapping the Largest Employers in the U.S.

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Walmart Nation

Walmart Nation: Mapping the Largest Employers in the U.S.

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

In an era where Amazon steals most of the headlines, it’s easy to forget about brick-and-mortar retailers like Walmart.

But, even though the market values the Bezos e-commerce juggernaut at about twice the sum of Walmart, the blue big-box store is very formidable in other ways. For example, revenue and earnings are two areas where Walmart still reigns supreme, and the stock just hit all-time highs yesterday on an earnings beat.

That’s not all, though. As today’s map shows, Walmart is dominant in one other notable way: the company is the biggest private employer in America in a whopping 22 states.

Wally World

Using data from 24/7 Wall Street, we mapped out the largest employer (excluding public administrative bodies, such as state governments) in each state.

Here are the states where Walmart took the title:

StateCompany# of employees
AlabamaWalmart38,041
ArizonaWalmart33,910
ArkansasWalmart53,310
FloridaWalmart108,321
GeorgiaWalmart59,371
IllinoisWalmart54,698
IndianaWalmart39,667
KansasWalmart20,938
KentuckyWalmart30,181
LouisianaWalmart36,992
MississippiWalmart24,898
MissouriWalmart43,203
MontanaWalmart4,776
New HampshireWalmart8,284
OhioWalmart50,481
OklahomaWalmart34,014
South CarolinaWalmart32,267
TennesseeWalmart41,487
TexasWalmart171,531
VirginiaWalmart44,621
West VirginiaWalmart12,321
WyomingWalmart4,699

The company has 1.5 million employees in the U.S. – and about 950,000 of them are in the states above.

A Southern Institution

In Walmart’s home state of Arkansas, the company employees 53,310 people, or about 4% of the non-farm work force. That includes about 18,600 jobs at the HQ in Bentonville, AR.

Despite the company’s obvious influence in the state where it was founded, Walmart is also the largest employer across the South in general. Whether it is Texas (171,531 employees) or Virginia (44,621), there are Walmarts aplenty in the states surrounding Arkansas.

One notable exception to this rule? North Carolina, where the University of North Carolina University system employs 74,079 people. However, that doesn’t mean that Walmart has zero presence in the Tar Heel State – it actually has 218 retail stores and 58,525 employees in North Carolina, according to its website.

Your Turn, Amazon

In case you may be wondering, Amazon is not the largest employer in any state – even in the company’s home state of Washington, where it still lags behind Boeing.

However, Amazon’s epic ramp-up is quickly taking over Seattle, and the company now has as much office space there as the city’s next 40 biggest employers combined.

And who knows, with over 238 bids for Amazon’s new HQ2, it’s possible that the company could be adding up to 50,000 new jobs in another state very soon.

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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.

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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.

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