New York State Has The 8th Best State Economy

June 12, 2016

east-harlem sliderWith the U.S. economy growing steadily amid a stalling global economy and many states coming back strongly from the Great Recession while others still struggle to make up their losses, the personal-finance website WalletHub conducted an in-depth analysis of 2016’s States with the Best & Worst Economies.
In order to determine which states are the top economic performers in the U.S., WalletHub’s analysts compared the 50 states and the District of Columbia across three key dimensions: Economic Activity, Economic Health and Innovation Potential.

Economy of New York (1=Best-Performing; 25=Avg.)

  • 13th – GDP Growth
  • 8th – % of Fast-Growing Firms
  • 20th – Exports per Capita
  • 11th – Business Startup Activity
  • 28th – % of Jobs in High-Tech Industries
  • 16th – Annual Median Household Income
  • 22nd – Nonfarm Payrolls Change
  • 6th – State-Government Surplus/Deficit per Capita
  • 27th – Unemployment Rate

For the full report, please visit:

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