[Vision2020] States With the Fastest (and Slowest) Growing Economies

[Don Coombs]

I'd be interested in more context, such as how Idaho ranks over the last 10
years. For example, should it be the case that Idaho has done poorly for a
while, ranking high on a percentage basis for the latest year doesn't mean
as much.

Don Coombs

On Thu, Jun 25, 2015 at 8:43 AM, Kenneth Marcy <kmmos1 at frontier.com> wrote:

>  States With the Fastest (and Slowest) Growing Economies
>
> *http://tinyurl.com/ofg7yn8 <http://tinyurl.com/ofg7yn8> *
>
> The U.S. economy grew 2.2% in 2014, largely on gains in the professional,
> scientific and technical services sector. Last year’s growth was up from a
> 1.9% GDP growth rate in 2013. While all but three state economies expanded
> in 2014, they did so for a variety of reasons, and the growth varied
> considerably among the 50 states.
>
>
> *12. Idaho > GDP growth:* 2.7%
> *> 2014 GDP:* $57.6 billion (10th smallest)
> *> 1-yr. population change:* 1.3%(8th largest)
> *> 2014 unemployment:* 4.8% (14th lowest)
>
> Idaho’s economy grew 2.7%, tied for the 11th highest growth rate in the
> country. Growth was driven primarily by durable goods manufacturing, which
> contributed 0.56 percentage points to the state’s overall growth rate. The
> health care and social assistance sector also had an impact, contributing
> 0.34 percentage points to growth, the second highest contribution to growth
> from that sector nationwide. Idaho’s economy appears to be relatively
> strong: the state’s unemployment rate was 4.8% in 2014, lower than the
> national unemployment rate of 6.2%. Idaho’s strong economy has likely
> helped attract workers looking for job opportunities. The state’s
> population grew 1.3% in the last year. Despite the strong economy, the
> housing market has been weak. Housing starts shrank by 3.8% in 2013.
>
>
>
> *8. Washington > GDP growth:* 3.0%
> *> 2014 GDP:* $390.5 billion (14th largest)
> *> 1-yr. population change:* 1.3%(10th largest)
> *> 2014 unemployment:* 6.2% (22nd highest)
>
> Washington’s economy grew by 3.0%, the eighth highest growth rate in the
> country. Growth was driven primarily by the retail trade sector, which
> contributed 0.62 percentage points to the state’s overall growth rate, a
> larger contribution from that sector than in any other state. The
> information sector contributed another 0.58 percentage points to growth,
> also the highest contribution from that sector nationwide. Washington’s
> strong economy has likely helped attract workers looking for job
> opportunities. The state’s population grew 4.7% in the five years through
> 2014, the eighth largest population growth rate nationwide. Washington’s
> unemployment rate was 6.2% in 2014, in line with the national unemployment
> rate of 6.2%. Washington residents were also relatively well educated.
> Nearly 33% of adults had at least a bachelor’s degree, the 11th highest
> rate in the country. An educated populace often helps promote economic
> growth.
>
>
> *http://tinyurl.com/ofg7yn8 <http://tinyurl.com/ofg7yn8> *
>
>
>
>
> * Ken *
>
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