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Economic growth in the nation varied significantly from one state to another ? California recently became the fifth largest economy in the world while Alaska has an unemployment rate over 7%, all according to the latest from WalletHub, a personal-finance website. {{more: continue …}}?WalletHub released today the 2018 Best & Worst State Economics report by Adam McCann, Financial Writer.??
Some of the findings:? ?
- Texas comes in at #10 in overall economic health with a #1 rating in exports per capita, #8 in median household income and #9 in both GDP growth and startup activity.?
- Overall Washington (state) had the highest score. the rest of the top ten in order were Utah, Massachusetts, California, Colorado, the District of Columbia, Idaho, Oregon, Georgia and Texas.?
- The unlucky bottom five included Louisiana, Mississippi, Alaska, West Virginia and Arkansas.?
- The lowest unemployment rate was a between 5 states – Hawaii, Colorado, Idaho, Iowa and Maine.?
- The highest median annual household income Utah followed by Virginia, Minnesota, Wyoming and Colorado. The lowest was Hawaii.?
- There seemed to be some correlation between the top five state in overall economic success and innovation. The top five states rated 1, 2, 3,4 and 10 in innovation potential.?
Find out more @ Best and Worst State Economies
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