• Here's how we ranked the economies of the US states and DC

    2 monthes ago - By Business Insider

    In our ranking of the economies of the states and DC , we looked at six measures of economic health.
    Each measure was rescaled to allow us to compare them to one another. Technically, we calculated z-scores for each state on each measure, which rescales each variable based on its average and standard deviation.
    To make the combined ranking, we added together the six indicator z-scores for each state to create an overall economic index.
    Here are the sources for each of our measures:
    April 2018 unemployment rate: The most recent unemployment rate for each of the states and DC came from the...
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  • The economies of every US state and DC, ranked from worst to best

    The economies of every US state and DC, ranked from worst to best

    2 monthes ago - By Business Insider

    The US is a massive, complex economy, and so too are the component economies of the 50 states and Washington, DC, that make up the whole.
    Business Insider combined six measures of labor-market and general economic health for all the states and the District of Columbia. They are the unemployment rate, job growth, per-capita GDP, GDP growth, average weekly wages, and wage growth. By putting all those on a common scale and combining them, we came up with an overall score for each state's economy.
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