Is Your State’s Economy Failing or Becoming Successful? Find Out Here

NewsWorld
By Prattiba JaiSri

The United States has 50 states. These states present a wide diversity of states and economies, the recovery has thus far been uneven. Some states have already come back nearly all the way to normal levels, while others have been stuck behind.

GOBankingRates developed a list talking about how states are doing economically-wise. Find out how your state is doing below:

These states have not yet been pulled up by the slow recovery in the American economy to the extent that some others have. 

Read more: Still Not Vaccinated? You Would Not Be Allowed to Travel in the United States!

15. Arkansas

  • Feb. 2021 unemployment rate: 4.5%

  • Year-over-year change in unemployment Feb. 2021: -2.8%

  • Q4 2020 GDP per capita: $44,328

  • GDP growth Q3 2020-Q4 2020: 5.1%

  • Average weekly wages Sept. 2020: $892

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 6.1%

  • Percent of population below poverty line 2019: 16.2%

14. Rhode Island

  • Feb. 2021 unemployment rate: 7.3%

  • Year-over-year change in unemployment Feb. 2021: -8.7%

  • Q4 2020 GDP per capita: $58,245

  • GDP growth Q3 2020-Q4 2020: 2.6%

  • Average weekly wages Sept. 2020: $1,092

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 10.4%

  • Percent of population below poverty line 2019: 10.8%

13. Oregon

  • Feb. 2021 unemployment rate: 6.1%

  • Year-over-year change in unemployment Feb. 2021: -7.8%

  • Q4 2020 GDP per capita: $62,109

  • GDP growth Q3 2020-Q4 2020: 2.7%

  • Average weekly wages Sept. 2020: $1,113

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 7.4%

  • Percent of population below poverty line 2019: 11.4%

12. Illinois

  • Feb. 2021 unemployment rate: 7.4%

  • Year-over-year change in unemployment Feb. 2021: -7.5%

  • Q4 2020 GDP per capita: $69,422

  • GDP growth Q3 2020-Q4 2020: 3.5%

  • Average weekly wages Sept. 2020: $1,199

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 6.8%

  • Percent of population below poverty line 2019: 11.5%

Read more: International Travellers Head to the United States as Flights Reopen

11. Pennsylvania

  • Feb. 2021 unemployment rate: 7.3%

  • Year-over-year change in unemployment Feb. 2021: -7.2%

  • Q4 2020 GDP per capita: $62,497

  • GDP growth Q3 2020-Q4 2020: 3.7%

  • Average weekly wages Sept. 2020: $1,139

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 7.0%

  • Percent of population below poverty line 2019: 12.0%

10. Michigan

  • Feb. 2021 unemployment rate: 5.2%

  • Year-over-year change in unemployment Feb. 2021: -7.5%

  • Q4 2020 GDP per capita: $53,008

  • GDP growth Q3 2020-Q4 2020: 1.7%

  • Average weekly wages Sept. 2020: $1,096

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 7.5%

  • Percent of population below poverty line 2019: 13.0%

9. Wyoming

  • Feb. 2021 unemployment rate: 5.3%

  • Year-over-year change in unemployment Feb. 2021: -5.2%

  • Q4 2020 GDP per capita: $63,772

  • GDP growth Q3 2020-Q4 2020: 3.8%

  • Average weekly wages Sept. 2020: $939

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: -0.4%

  • Percent of population below poverty line 2019: 10.1%

8. Kentucky

  • Feb. 2021 unemployment rate: 5.2%

  • Year-over-year change in unemployment Feb. 2021: -5.1%

  • Q4 2020 GDP per capita: $48,655

  • GDP growth Q3 2020-Q4 2020: 4.3%

  • Average weekly wages Sept. 2020: $935

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 5.8%

  • Percent of population below poverty line 2019: 16.3%

7. Nevada

  • Feb. 2021 unemployment rate: 8.3%

  • Year-over-year change in unemployment Feb. 2021: -10.6%

  • Q4 2020 GDP per capita: $60,028

  • GDP growth Q3 2020-Q4 2020: 4.2%

  • Average weekly wages Sept. 2020: $1,048

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 7.8%

  • Percent of population below poverty line 2019: 12.5%

Read more: Experts Say the United States Needs to Prepare for Another Pandemic Like COVID

6. Oklahoma

  • Feb. 2021 unemployment rate: 4.4%

  • Year-over-year change in unemployment Feb. 2021: -5.4%

  • Q4 2020 GDP per capita: $48,508

  • GDP growth Q3 2020-Q4 2020: 3.5%

  • Average weekly wages Sept. 2020: $917

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 2.3%

  • Percent of population below poverty line 2019: 15.2%

5. Hawaii

  • Feb. 2021 unemployment rate: 9.2%

  • Year-over-year change in unemployment Feb. 2021: -17.8%

  • Q4 2020 GDP per capita: $63,826

  • GDP growth Q3 2020-Q4 2020: 2.1%

  • Average weekly wages Sept. 2020: $1,114

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 10.3%

  • Percent of population below poverty line 2019: 9.3%

4. Mississippi

  • Feb. 2021 unemployment rate: 6.3%

  • Year-over-year change in unemployment Feb. 2021: -4.0%

  • Q4 2020 GDP per capita: $39,580

  • GDP growth Q3 2020-Q4 2020: 5.6%

  • Average weekly wages Sept. 2020: $810

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 5.6%

  • Percent of population below poverty line 2019: 19.6%

3. West Virginia

  • Feb. 2021 unemployment rate: 6.2%

  • Year-over-year change in unemployment Feb. 2021: -5.5%

  • Q4 2020 GDP per capita: $41,798

  • GDP growth Q3 2020-Q4 2020: 3.4%

  • Average weekly wages Sept. 2020: $913

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 1.8%

  • Percent of population below poverty line 2019: 16.0%

Read more: Do You Think the United States Is Heading Toward Another Recession?

2. Louisiana

  • Feb. 2021 unemployment rate: 7.6%

  • Year-over-year change in unemployment Feb. 2021: -7.8%

  • Q4 2020 GDP per capita: $53,229

  • GDP growth Q3 2020-Q4 2020: 3.0%

  • Average weekly wages Sept. 2020: $970

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 5.2%

  • Percent of population below poverty line 2019: 19.0%

1. New Mexico

  • Feb. 2021 unemployment rate: 8.3%

  • Year-over-year change in unemployment Feb. 2021: -8.9%

  • Q4 2020 GDP per capita: $49,050

  • GDP growth Q3 2020-Q4 2020: 2.5%

  • Average weekly wages Sept. 2020: $944

  • Percent change in average weekly wages Sept. 2019-Sept. 2020: 5.1%

  • Percent of population below poverty line 2019: 18.2%

The rest of the states may be headed for a better year economically and may be leading the country to a full recovery. These states include Nebraska, South Dakota, and Utah. 

Stay updated with more news here at the East County Gazette. 

Prattiba JaiSri
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