Other states ranking high on our charts also come from the West - Utah, Colorado and Nevada are among some of the fastest-growing populations in the country.Īmong poorly-performing states, Alaska comes in first. In particular, Washington State has the fastest economic growth of any state and even surpassed Massachusetts to become one of the country’s ten largest economies. recession in the next two yearsĪll that being said, some states are in a better financial state than others. Their sentiment echos economists, three out of four in a recent survey predicted a U.S. On the other hand, average hourly earnings increased by 0.4% in August and 3.2% for the year, better than expected.ĭespite that silver lining, Americans appear worried about their country’s economic well-being, with six out of ten expecting a recession in the next year. 25,000 of these positions came from temporary Census employment.

Nonfarm payrolls increased by just 130,000 in August, versus Wall Street estimates for 150,000. On top of that, the last job updates showed mixed signals. Economic growth is heading to 2%, compared to 3% at the start of the year and over 4% last year. economy comes on the heels of the trade war with China. Much of the present uncertainty about the U.S. Nevada State Economy Rankings - Top 5 Worst Economic Performing States State Economy Rankings - Top 5 Best Economic Performing Statesĥ. To read more about how z-scores work, check out this guide. We then derive a z-score for each indicator and blend the z-scores to calculate a total score for each state.

Alaska, Rhode Island and southern states among the worst states economicallyįor this visualization we create a radar chart for each state to compare the following economic statistics as compiled from the Bureau of Labor Statistics, the Census Bureau and the Bureau of Economic Analysis: Wage growth, unemployment, job growth, GDP per capita, GDP growth and average weekly wages, adjusted by state purchasing power parity.

Western states and the District of Columbia lead states in economic performance.

Job growth is slowing across the nation along with modest wage increases.

Six out of ten Americans are expecting a recession in the next year, along with three out of four economists in the next two.

So, what’s next for the United States economy? In this article we blend several key economic indicators to gauge the current health of each state as the country heads into uncertain economic times. The United States economy is on the verge of its longest economic expansion on record, but appears to be headed for a slowdown.

Where did s rank come from