We posted about the 10 US States with the best economies, but what about the states that came in last in the rankings. We're giving them some love too. If you're interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we've rank the 10 worst performing economies starting with the most struggling and sluggish economy.
To identify the states with the best economies, 24/7 Wall Street reviewed:
Average annual GDP growth between 2012 and 2017 from the Bureau of Economic Analysis.
Poverty rate from the U.S. Census Bureau’s 2016 American Community Survey.
Unemployment rate in June 2018 from the Bureau of Labor Statistics.
Employment growth rates.
% of adults with at least a bachelor’s degree.
The rankings also take into account state specific information like:
GDP in 2017.
Exports as a percentage of GDP.
The homeownership rate.
The median household income.
Median home values.
Uninsured rates from the U.S. Census Bureau’s 2016 American Community Survey.