What are the best and worst state economies in the United States today? WalletHub attempts to answer that question with a new study that looks at economic activity, economic health and innovation potential.
In its analysis of 50 states and the District of Columbia, WalletHub listed the best and worst state economies (no surprise, D.C. is seventh on the list!):
Best State Economies:
1. Utah
2. Washington
3. California
4. Massachusetts
5. Colorado
6. Delaware
7. District of Columbia
8. New York
9. Texas
10. Oregon
Worst state economies:
42. Hawaii
43. Oklahoma
44. Alabama
45. Kentucky
46. Louisiana
47. New Mexico
48. Maine
49. West Virginia
50. Arkansas
51. Mississippi
The researchers also discovered several other things, such as Alaska having the lowest foreclosure rate with just 0.3 percent and Utah having the highest number of independent-inventor patents per 1,000 working-age residents. South Dakota currently has the lowest unemployment in the country with 2.5 percent.
Here is a chart of the website’s findings:
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