RANKED: The 50 US State Economies From Worst To Best

[mystery-ak]

http://www.businessinsider.com/ranked-the-50-us-state-economies-2014-8?op=1

RANKED: The 50 US State Economies From Worst To Best
ANDY KIERSZ AND ELENA HOLODNY
SEP. 8, 2014, 8:50 AM


The U.S. economy is in pretty good shape. GDP is growing, unemployment is falling, and we're seeing signs that wages may be on the rise.
However, the U.S. economic story is actually just an aggregation of 50 economic stories.

Previously, Business Insider examined ranked every state by how quickly the economies were growing. This time around, we calculated which states had the best economies outright.

We ranked each state on seven economic measures: the July unemployment rate; the change in nonfarm payroll jobs from June to July 2014; the 2013 GDP per capita; the 2012 per capita consumption; the 2013 average annual wage; the 2013 exports per capita; and the 2012 government expenditures.



50. Mississippi


Mississippi faces many challenges, frequently coming in last in state rankings of educational attainment and health. Mississippi came in dead last in four out of our seven metrics:

The unemployment rate in July was at 8.0%, the highest in the country.
Gross Domestic Product per capita was just $32,421 in 2013, the lowest among the states.
Mississippi came in last in personal consumption, the largest component of GDP, with just $27,406 per person.
Average annual wages were the lowest in the country, at $36,451.


continued


Read more: http://www.businessinsider.com/ranked-the-50-us-state-economies-2014-8?op=1#ixzz3Ck5AdfdY

[Oceander]

Not a really good comparison.  For example, they took into account the median income for each state, but failed to take into account the cost of living for each state.  A high median income may not mean much if most of that income is eaten up by very high living costs.  To put it simply, $100,000 a year in Manhattan will not take you as far as $50,000 in Nebraska would.

[PzLdr]

These idiots don't live in New York. Everything costs too much. Almost everything is taxed. And the tail [NYC] wags the dog [NYS].