Landlords in certain parts of the country may encounter more qualified tenants, according to new jobs data from the Department of Labor.
The agency reported that 41 states as well as the District of Columbia added jobs during October, with employment decreasing in just six states and remaining unchanged in three others. At the same time, the country's unemployment rate held firm at 9.6 percent, though it was down from 10.1 percent from a year earlier.
Texas led the country in job creation, adding 47,900 last month and 172,800 over the past year. It was followed by New York, which added 40,600 new jobs in October. Both states posted unemployment rates well below the national average – 8.1 percent and 8.3 percent, respectively.
On the other side of the coin was Nevada, which continued to post the nation's highest unemployment rate, at 14.2 percent. Additionally, landlords in New Jersey may have had a harder time finding tenants with steady employment this year, as that state lost 37,100 jobs over the past 12 months, said the report.
Lack of employment continues to trouble many tenants around the country, putting the onus on landlords to perform thorough credit screening to ensure they person they're renting to can afford to pay the rent.