Posted on 09/08/2014 8:44:24 AM PDT by SeekAndFind
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.
49. New Mexico
New Mexico has struggled to recover from the Great Recession, with labor conditions and demographics stagnant over the past few years. New Mexico had low scores on most of our metrics:
The average annual wage in New Mexico was somewhat low, at $40,804.
New Mexico's state government finances were in bad shape, with a 2012 deficit of $1.8 billion, which, on a per-capita basis, is the fourth-worst in the country.
International exports made up a much smaller part of New Mexico's economy than for other states, with just $1,307 of exports per capita in 2013.
(Excerpt) Read more at businessinsider.com ...
Two words for this survey: Absolute Nonsense!
Business Insider is consistantly leftist. Borders on propoganda. On a par with Yahoo news.
The report is crunching State government provided numbers.
I don’t believe any of it after reading which States are where. I do believe North Dakota, and I do believe Texas, but the ranking for New York, and my own State of California tell me this report is bullshit.
Jerry Brown himself...probably provided the California Numbers.
Interesting stat.
Obviously a situation that can only go on until the markets puke on the fake money.
Can you cite your reliable source please?
On Nov. 25, 2012, Forbes.com published an article by William Baldwin, an investment strategies contributing writer, that asked, “Do You Live In A Death Spiral State?”
http://www.forbes.com/sites/baldwin/2012/11/25/do-you-live-in-a-death-spiral-state/
I read it first here:
http://www.economicpolicyjournal.com/2012/12/do-you-live-in-death-spiral-state.html
See also:
http://www.zerohedge.com/news/2012-12-04/11-death-spiral-states
I’ll include the Factcheck link here:
http://www.factcheck.org/2013/01/death-spiral-states/
I think it is safe to say that NOTHING is what is seems, in any state, beginning with Federal Unemployment Numbers.
The Truth About Chicago’s Crime Rates (cooking the books)
http://www.chicagomag.com/Chicago-Magazine/May-2014/Chicago-crime-rates/
The link between drugs and crime, including violent crime, would be hard to overstate in Chicago. Eighty-six percent of adult males arrested in Chicago last year tested positive for drug use. Chicago, with a population of 2.7 million, had 506 murders in 2012, the highest per capita among the four most populous U.S. cities.
N.Dakota, Texas, Alaska ...Louisiana 19th
Florida claims to be low because the state lost 1,600 jobs in July. How can they rank one individual state because of job loss during a particular month?
Florida overall unemployment as of July averaged 6.2 which is better than well ranked New York and Alaska.
http://www.ncsl.org/research/labor-and-employment/state-unemployment-update.aspx
This is the stupidest thing I have ever seen…….today.
Thanks for the laugh though.
I call horse pucky on this. California’s economy is in its death throes, among others, and probably being propped up by the administration.
I’d love to see who they are going to.
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