The US economy is a composite of the economies of the 50 states and DC that make up that economy.
We recently ranked the economies of all 50 states and DC based on six economic measures: unemployment rate, job growth, GDP per capita, GDP growth, average wages, and wage growth. The full method and sources for our ranking can be found here.
Some places, like Washington state and the District of Columbia, performed very well across several of those measures, and their overall economic situation is strong. Other states, like South Dakota and Mississippi, largely underperformed across the board.
Looking at all of these measures together, as we did in our ranking, gives a clearer picture of economic conditions across America.
Here are maps showing how each state and DC fared on each of those measures.
Hawaii had the lowest April 2018 unemployment rate of 2.0%, while Alaska’s 7.3% rate was the highest.
Non-farm payroll job growth rates between April 2017 and April 2018 ranged from North Dakota’s 1.8% decline to Nevada’s 3.4% increase.
North Dakota’s state gross domestic product (GDP) fell 1.3% at an annualized rate in Q4 2017, while Texas’ grew 5.2%.
Mississippi had the lowest Q4 2017 GDP per capita at about $US38,000, while the District of Columbia’s GDP per capita was a whopping $US193,000.
Mississippi also had the lowest April 2018 average weekly wage among the states and DC, at $US709, and the District of Columbia also had the highest wage at $US1,552.
Wage growth between April 2017 and April 2018 ranged from New Hampshire’s 1.8% decline to Maryland’s 7.5% increase.
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