SALT LAKE CITY (ABC4) – Because the U.S. financial system continues to react to the COVID-19 pandemic, so do states.
Some states are faring higher than others. With the bottom unemployment charge within the nation, Utah is usually considered as having an amazing financial system, receiving excessive ranks from U.S. News & World Report and the Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index.
A brand new report from WalletHub compares all 50 states and the District of Columbia throughout almost 30 key indicators of financial efficiency and power, together with change in GDP to startup exercise to the share of high-tech jobs.
The Beehive State took the highest spot within the report, edging out the state of Washington and California.
Throughout the important thing indicators, Utah had the best change in GDP and the bottom unemployment charge (tying with South Dakota and Vermont). The state took second by way of startup exercise and alter in nonfarm payrolls, falling to Nevada and Idaho, respectively.
Utah ranked third by way of the best median annual family revenue.
When ranked primarily based on financial well being, Utah took second, simply behind Idaho. Based mostly on innovation potential, WalletHub ranked Utah at tenth, simply behind Colorado.
Listed here are the highest 5 ranked states on this report:
Listed here are the underside 5 states:
- West Virginia
For the complete report, click here.