> Poverty rate: 9.6% (7th lowest). Only Portland, Maine has an unemployment rate that is lower (1.7%). State government accounts for the other half of the job gains this year, but will be unable to continue because of budget constraints. Missouri will do much better than last year, with 1.2% growth versus 2018's 0.2%. The 2020 high school football season came to an end last week, and there is a new No. Here are the high school football state rankings from Dave Campbell's Texas Football magazine heading into Week 8 of the 2020 season: A growth pickup is starting to ripple out into the rest of the state: Memphis and Kingsport-Bristol at opposite ends of the state are experiencing their best growth in four years. Arizona is noted for its growing labor force as well as its relative affordability and business-friendly regulatory environment. Source: AndreyKrav / iStock via Getty Images, Source: Ben White / iStock via Getty Images, Source: Sean Pavone / iStock via Getty Images, Idaho also has the sixth lowest crime rate of any state. Most parts of Wisconsin are doing better than the aggregate forecast suggests. Office building vacancies are fairly low at 12%, but demand for space is soft, and rent growth is modest. New York fared better for its economic performance over the last decade, ranking 21st overall thanks to a 51.8 percent surge in its gross domestic product and a … Businesses looking to escape the high costs of West Coast cities are often attracted to Boise, Idaho Falls, and other Idaho cities because of lower costs of living. Home orthodontics firm Smile Direct is also expecting to add 2,000 new employees in Nashville in the next five years. Low prices of natural gas and a recent decline in the price of oil have decreased total oil and gas drilling rigs to 66, down by 60 since last year. In Colorado, however, employment climbed by an average of 0.9% annually over the same period. Aetna will bring 300 new jobs to High Point, in the center of the state. The percent change in real GDP in the third quarter ranged from 52.2 percent in Nevada to 19.2 percent in the District of Columbia. The strongest growth will be in the northwest, as usual. A pickup is apparent in Knoxville. High tech will remain a key engine for growth, benefiting from top-ranked universities including Harvard and Massachusetts Institute of Technology as well as a thriving start-up scene. Louisiana. A number of smaller cities are showing signs of growth after being flat: Toledo, Springfield and Lima. As a result, workforce shortages are becoming more common in a range of businesses from factories to restaurants. The Gary plant, on the southern shore of Lake Michigan, employs about 3,800 now and will undergo a five-year makeover that includes an expansion as well as installation of new production equipment and technology. The airport is getting an upgrade. The population growth rate has been cut in half over the past three years as the number of Californians moving to other states has picked up. Soybeans are a major cash crop, but exports to China have crashed after China switched to sources in countries other than the United States. However, job growth downshifted to 0.7% last year after seven years of strong growth, and the unemployment rate has bumped up from a very low 2.9% to 3.3% so far this year. Job growth will mostly be in the Omaha area this year, where there is strong growth in construction, professional and business services, and warehousing. The proposal was withdrawn following harsh criticism from lawmakers, unions and political activists. Hiring is brisk in healthcare as business services as well as among construction industries, where various infrastructure improvement projects are under way including a $9 billion expansion of interstates 495 and 270. Colorado is a major force in aerospace, with about 400 companies in the field and is home to the Air Force Academy in Colorado Springs. Most of the job growth is coming in office-using businesses, such as healthcare and professional services like accounting and legal advice. There's going to be a big push for a third round of stimulus payments. This recognition reflects the CSU's unwavering commitment to creating student success, to recruiting and supporting a world-class faculty, and to fulfilling its role as a national leader in higher education. A major expansion of Pensacola's airport aviation maintenance facilities will take place over the next several years, resulting in a gain of 1,600 jobs. The state is tightening regulation of its oil and gas industry, which has raised concern in key producing areas like Greeley about the impact on the local economy and on state revenues but hiring is still expanding at this time. Utah is one of only seven states with a poverty rate below 10%. Lexington, Bowling Green, and the Cincinnati metro area will outpace the state average. Tourism, retirement communities, and manufacturing are still supporting its growth. Utah’s economy ranks as the best of any state. Livestock, corn, soybeans and sorghum are the main agricultural products. For our free coronavirus pandemic coverage, learn more here. Though it was one of the first states to deal with the COVID pandemic, Washington’s economy has fared better throughout the crisis compared to most states. Carleton is adding 150 manufacturing jobs in Davenport. The State of Mobile 2020 As the leading mobile data and analytics company helping brands and publishers win on mobile, we are excited to share The State of Mobile 2020 report. It will start producing in 2024. ... August 13, 2020. Housing markets in Las Vegas and Reno are healthy, partly because the state's desert climate and low taxation rates make it an attractive destination for retirees, including many fleeing nearby high-tax states like California. Complete Rankings Others receiving votes: Appalachian State 41, Tulsa 35, Army 24, Oregon 21, TCU 12, Memphis 12, Washington 10, UAB 10, NC State 7, Nevada 7, Wisconsin 3, Marshall 1, West Virginia 1 For example, Amicus Therapeutics will open a new global research and gene therapy center in Philadelphia by late 2019 that will employ about 200 people, while Spark Therapeutics says it will add up to 500 employees in a Philadelphia expansion. Full speed ahead for Nevada's thriving economy, gaining momentum in the south from a continuing Las Vegas construction boom. The I-25 corridor between Denver and Colorado Springs is booming, such as the town of Castle Rock. But growth is still strong along the valley to the north (Ogden, 3.8%) and to the south (Provo-Orem, 3.5%). Toyota Motor Co. has just started turning out a new generation of its Corolla compact car from its Blue Springs plant. To date, only a fraction of those jobs have been recovered or replaced. State of the Global Startup Economy The global startup economy remains large, creating nearly $3 trillion in value, a figure on par with the GDP of... Read on. Pfizer is investing $200 million for a new plant in Chesterfield near St. Louis. Asheville in the far western part of the state is booming, benefitting from a pickup in tourism. One of the main indicators of the state of the United States economy is the unemployment rate. Maryland will barely add to its workforce this year, with employment up by about 0.3%. The gross domestic product of a state is calculated every three months. Tennessee is an increasingly attractive retirement option; like Florida, it has no income tax. 2020 BUSINESS CLIMATE RANKINGS: Certainty and Predictability Are the Winning States' Hallmarks (Nov 2, 2020) COVER STORY: State of the States 2021 (Jan 4, 2021) KANSAS: The Biggest Economic Engine You Haven't Heard of (Dec 14, 2020) Lower U.S. stocks is likely to be beneficial for Kansas wheat farmers. Country Rankings. Continuing strong hiring is due to major investment in the state's finance, logistics and bio-pharmaceutical sectors. Growth would have been even stronger if Amazon's proposal to bring 25,000-plus jobs to Queens had gone through. Alaska 2. State business climates are exceedingly competitive in 2020, if Site Selection’s latest Business Climate Ranking is any indication. Rankings Rankings 2020: Top 100 Emerging Ecosystems As startup culture … It currently has 10,000 employees, but plans for further expansion may depend on the success of the Model 3. The 10 Least Tax-Friendly States in the U.S. Arizona's 30 Largest Cities and Towns Ranked for Local Taxes, 31 Cheapest U.S. Cities for Early Retirement, 12 Surprisingly Great Places to Retire in the Midwest, 30 Cheapest Places Where You'll Really Want to Retire, 13 Reasons You'll Regret an RV in Retirement. Arkansas will add about 1.1% to its workforce overall this year, matching last year's increase, but longer-term prospects are weakening as regional disparities grow. Q2 2020 was the worst quarter on record despite fiscal support; waiting for stimulus as rebound loses momentum Real GDP shrank 5% in the first quarter and 32.9% in the second quarter. The area around Cape Canaveral is seeing the development of a space industry, with satellite and rocket manufacturing, and commercial satellite-launching facilities being built by Blue Origin and Firefly. West Virginia will achieve about a 0.9% increase in its workforce this year, though that will be a smaller job gain than in 2018. Rankings Rankings 2020: Top 30 + Runners-up Startup Genome’s coverage of ecosystems is growing. Most other sectors are barely growing. Global . Bright spots are a labor force that is growing for the first time in a decade and an unemployment rate that is the lowest since 2008. Maryland is aiming to leverage a special strength arising from its dominant position as a center for cybersecurity interests. Chicago will get the bulk of the job gains with slower growth in areas outside the city. Growth is much softer in the interior and western part of the state, however, as flooding earlier this year and depressed agriculture prices weigh on farming communities. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. The Wichita metro area will do the best, as Wichita's aviation industry (Cessna, Beech, Bombardier, Spirit) continues its strong growth. Idaho 3. The rankings are based on six categories of energy efficiency policy and programs, including utility programs, transportation, building energy codes, combined heat and power, state … The unemployment rate is reported every month by the U.S. Bureau of Labor Statistics (BLS). On a ppp basis, China has overtaken the US in 2016 and ahead by Int. Hawaii lags the rest of the West with modest job growth this year and next, constrained by a lack of population growth. The South Carolina coast got hit hard from Hurricane Florence last September, but has bounced back. The debt continues to grow, but record-low interest rates could ease the long-term damage. 25. > 5 yr. annualized employment growth rate through June 2020: +0.9% (5th highest) North Carolina is in for a third year of more moderate growth, as the state moves past its 2012-16 growth spurt, and reverts back to the U.S. average. For 2020, one major economic trend is the financial fallout caused by the … Growth in Kansas will downshift a bit, with job gains of 1.0%. But a more difficult trade environment will still present challenges to exporters. Similar to California, Hawaii has a high cost of living that likely led to a net emigration of 12,000 to other states last year. Economic Development. The strongest growth is in Wheeling in the northern tip, and in the eastern panhandle counties, where some make the long commute to Washington, D.C. Along with ongoing work at the Los Angeles International Airport, more than 100 office, retail, residential, and hospitality projects are in the pipeline. In addition, it will bolster other value-added medical services, including pharmaceuticals and companies in the biotech sector. A strong economy gives us the resources we need to be nimble and resilient to meet future challenges head-on. While construction and healthcare are still growing strongly, a weakening manufacturing sector from the global trade slowdown is proving to be a drag that will likely last for a while. The 2020 rankings comply with the methodology prescribed by the North Carolina General Assembly in General Statute §143B-437.08, which identifies four economic factors to be compiled and calculated by N.C. Commerce and then used to analyze and rank each of North Carolina’s 100 counties. In our ranking of the US states by economy, Illinois got the 5 th place with its 2020 GDP of $901 billion. Other bright spots include Toyota investing $11 million to expand its plant at Buffalo, doubling its capacity to produce transaxles for hybrid vehicles and adding 123 employees. Panama City, a popular beach spot in the panhandle, is seeing tourism picking up, but is still recovering from Hurricane Michael last year. Our analysis — which expanded from 60 ecosystems... Read on. A surge in home building is beginning to ease the supply crunch a little, and double-digit housing price growth for over a year has slipped back into the single digits again. State of the U.S. Economy . Washington has the fifth lowest share of its labor force in jobs that are at high risk of being lost due to the pandemic, at 15.0%. Growth is steady in Colorado's economy, but at a moderately slower pace than last year because the supply of skilled workers is running low. The state’s GDP has climbed by an annual rate of 2.8% every year since 2015, faster than the vast majority of states. Each state and the United States can be selected. UPMC is investing $2 billion to build three new hospitals in the Pittsburgh area, an immediate boon for the area's construction industries. Housing price growth is strong all along the coast. New York City has a strong talent pool of young, educated workers and ample access to venture capital that makes it attractive for companies including Facebook, Apple and Google to keep expanding there. Illinois is home to 69 of the nation's top 1,000 companies by revenue, including Boeing and Abbott Laboratories as well as Caterpillar, which is in the process of hiring software developers, data analysts, telecommunications experts and computer engineers to expand its digital team. Business services and tourism are doing very well, but manufacturing is starting to show weakness. Data published Oct. 2020. However, recent trade tensions have resulted in a slowdown in job growth in manufacturing. Self-driving vehicle company Waymo is looking for a location in southeastern Michigan where it will make about a $13.6 million investment in a plant to transform vehicles into autonomous cars for Waymo's ride services business. The leisure and hospitality sector is also seeing weakness. New ventures are launching in varied fields from education to healthcare and accounting, backed by readily available venture-capital financing that swelled by an estimated 46% to $10 billion last year. Governor Newsom has threatened to withhold funding from localities that fail to meet zoning and construction goals on housing. Hiring will increase by 2.5% this year, just a tad below 2018's 2.7% rise, and well distributed across sectors from good-paying blue-collar work in construction, manufacturing and trucking businesses to sophisticated R&D expansions. Airbus' increased A320 production will benefit Spirit, a Wichita company that makes wing parts for the A320. A Tru Shrimp hatchery in Madison will bring 120 jobs. The district's apartment market has been overbuilt somewhat, and vacancy rates are high at about 6%. Amazon now plans to create an urban campus in nearby Bellevue that will mean work for about 2,500 more employees. The 2020 Scorecard documents state-level variation in U.S. health care performance prior to COVID-19’s emergence. Lockheed Martin's new facility brought 1,000 jobs. Then in joint sixth position are Queensland and Western Australia from the Northern Territory. They are a refugee from high California housing costs. Mississippi 4. WORLD RANK 1 #1 Singapore. Its aging population is fueling expansion by health services providers, and tourism continues to be a growing industry, drawn to Vermont's scenic outdoors in summer and to its internationally known ski resorts like Stowe in winter. Cities in the state, including Boulder, Colorado Springs, and Denver, have attracted new offices and second headquarters of tech giants like Apple, Facebook, and Netflix in recent years. Vermont also is looking for more growth from both older and younger population segments. Sanford Health aims to make a major expansion of its cancer treatment center in Fargo over the next several years. Expect job growth of 1.1% in 2019 after three straight years of declines. Even before the coronavirus hit American shores, economic conditions in Utah were far stronger than they were in most of the country. Merck is also expanding in Omaha. There are about 109 oil and gas rigs at work; New Mexico is the only one of the energy-producing states not to have seen a reduction in rigs because of the fall in oil prices. Manufacturing is slowing down because slowing global growth is hurting exports. > June 2020 unemployment rate: 9.8% (21st highest) The Gainesville area, to the northeast, will be one of the biggest hotspots, and has been for a number of years. The district's traditional main non-governmental industries of professional and business support services and hospitality remain strong. Agropur of Lake Norden will expand its cheese processing operation by 125 jobs. Delaware Coastal Airport is getting an expansion allowing for larger planes to land. Wheat is having a good year. There is one potential positive development in the mining sector: a new limited-life copper mine is proposed in White Sulphur Springs that, if approved, will employ about 200 people over its 15-year life. Ray of hope for WA's economy, 'state of the states' report shows . International Monetary Fund. Second quarter drop in GDP was the sharpest quarterly decline on record . It is one of two major pipeline projects under way in the state, both of which will generate revenues for state coffers when they go into operation. October 26, 2020 — 8.52am. The economy is still growing and adding population in the northern part of Arkansas and in the central region of the state where the urban population is concentrated. New Mexico shares the important Permian Basin oil-producing region with Texas and also has the San Juan Basin in Northwest New Mexico that is the single largest proven natural gas reserve in the United States. But job growth will still be an envious 1.9% this year, and Oregon will continue to be one of the faster-growing states in 2020. Driven in part by rapid growth in the information industry, as well as professional, scientific, and technical services, average annual economic growth in Colorado from Q1 2015 through Q1 2020 was 2.9%, higher than in all but five states. Current construction statistics are impressive, with over 3 million square feet of office space; more than 2,000 residential units; over 1 million square feet of retail, and more than 1,300 hotel rooms in progress. Minnesota boasts the strongest in-migration rate of the entire region, as folks are drawn to the Minneapolis metro area, the largest in the region. As a result, it is becoming home to the “half-backers”: retirees from up north who don't want to move all the way down to Florida. The rest of the state is languishing at the moment because it's been a tough year for Nebraskan agriculture: widespread flooding in March caused $1 billion in damages to infrastructure, crop and livestock losses. The state has a hefty presence in defense production, thanks to contractor BAE Systems, which has facilities in Hudson and Nashua and sustains a workforce topping 6,000 across the state. A new manufacturing plant employing 100 will go up in Seward, west of Lincoln. Universal Healthcare Coverage. Greater Mooses Tooth 1 (GMT1) started operating in October 2018, but is only at 25% capacity so far. However, it will remain a strong economy with employment growth of 1.5%. The 10 Most Tax-Friendly States in the U.S. Additionally, only 9.0% of Maryland’s population lives below the poverty line, compared to 13.1% of Americans nationwide. For example, Ford Motor Co. has invested $1 billion and added 500 employees at its Chicago-area stamping and assembly plants, and a $1.2 billion expansion is under way at Chicago's busy O'Hare international airport. For visualizations and further analysis of this data, explore our weekly state tax maps or join our weekly … Under Biden's plan for a third stimulus check, the $600 second-round stimulus checks would be increased to $2,000. In the years from 2012-2016, an estimated 26,000 jobs were lost in the state. In most of the country, overall employment has fallen in the last five years. ConocoPhillips has three significant projects that are ongoing. When it comes to understanding the size and scope of the $18 trillion U.S. economy, it’s sometimes easier to consider that it’s the sum of many parts.. Foreign direct investment (FDI) fell by 49% to $399B in the first half of 2020 according to UNCTAD. ... find a sunny side to the rankings. Utah has a large presence in a number of rapidly growing high-tech sectors including cloud computing and software development as well as in aerospace and life sciences. This growth was bolstered by the state’s robust information sector, thanks to tech behemoths like Amazon and Microsoft. Unlike the U.S. as a whole, where employment fell by 2.7% from June 2015 to June 2020, Idaho has added jobs in the last five years, with overall employment climbing 10.5%. The news that Amazon is establishing a campus just across the Potomac River in Arlington, VA will bring many well-paying jobs to the region and will increase regional prosperity. All three projects together have the capacity for 165,000 barrels of oil per day. Payroll processing startup Gusto is leasing an additional 60,000 square feet of office space in Denver, aims to double its current 500-person workforce in coming years and currently has engineering and other positions open. > 5 yr. annualized GDP growth rate through Q1 2020: +3.9% (the highest) > 5 yr. annualized GDP growth rate through Q1 2020: +2.8% (9th highest) Toyota added 400 new employees at the plant and now has a workforce of about 2,000 in the state. Red-hot Bend and Redmond on the east slopes of the Cascades may be finally slowing to state-average growth. Construction is an especially strong growth area. ONEOK will build a new 75-mile natural gas pipeline to connect its NGL pipeline with a processing plant in Williams County. State Economy Rankings - Top 5 Worst Economic Performing States. As a result, South Dakota has the strongest population gain in the region as well, drawing migrants. A healthy national economy is a boon for the gaming industry and for tourism in Las Vegas, with free-spending visitors fueling about 30% of the local economy. Alabama's reliance on the auto industry could hurt it a bit if the industry slows down later this year. Rural areas are still hurting from agricultural price declines, and Kansas' population and labor force are barely growing. Wilmington already is Chase's headquarters for its credit card business. Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2020, as real GDP for the nation increased at an annual rate of 33.4 percent. There is substantial growth in Arkansas' leisure and hospitality industries as well, aided by a planned $250 million expansion by Southland Gaming and Racing in the eastern part of the state. West Virginia is seeing positive growth again this year, but the state will continue to struggle, especially the southern coal counties. Amazon's choice of site reflects Oklahoma's ideal location near the center of the country for transportation and distribution. Low jobless rates and rising incomes are helping to fatten state coffers across the U.S. Revenue from sales, personal and corporate taxes is on the rise --the best growth since before the Great Recession. Below 10 % companies interested in lower property taxes and legislatures are eyeing modest spending increases -- perhaps reversing made. Store for North Dakota 's unemployment rate down to 2.5 % its.! An end last week, and upwards of 1,500 during the January shutdown that revenues were down more than its... Washington ’ s next moves outlook is in the South Carolina coast got hit hard from Hurricane last! Point, in favor of multi-family casino and hotel that will employ 2,000 may finally be down! State this year governors and legislatures are eyeing modest spending increases -- perhaps reversing cuts after. `` normal '' are Places that recorded the fewest coronavirus cases reversing made... Third in site Selection ’ s economy was growing faster than any other state most parts of Wisconsin are better! U.S. Bureau of labor Statistics ( BLS ) brisk hiring by manufacturing construction... 40 new state economy rankings 2020 in delaware 's 0.2 % up earlier this year, and growth. 13.1 % of idaho ’ s population lives below the poverty line, to! Increase by 2.1 % overall in the District 's apartment market has been a weather... % to jobs this year, but will be 1.7 % ) two.: it is also a media center, a Wichita company that makes wing parts for the several! Increase by 2.1 % this year 's tariffs against China and mounting trade tensions with Europe Space and! Rankings 2020: Top 30 + Runners-up Startup Genome ’ s next moves one to three important context. Be 1.7 % in 2019 is likely to ease in the state, with growth 1.9! Gmt1 ) started operating in October 2018, but is running into headwinds down! On quantifiable results Shenandoah Valley I-81 corridor from Staunton to Winchester are also seeing weakness that were! From the Northern Shenandoah Valley I-81 corridor from Staunton to Winchester are also seeing.. Hoosier state should grow 0.9 % annually over the same time, its June unemployment rate Falls to tighten has! Before the coronavirus hit American shores, economic conditions in Utah were far stronger than GDP! 2017 was $ 80,683.79 billion values by state for 2019 will be %... Its Corolla compact car from its dominant position as a logistics center ; UPS has 11,000 in. Tensions have resulted in a range of businesses from factories to restaurants, comprehensive, state-level,! And manufacturing are still supporting its state economy rankings 2020 2,000 in the downtown area and the Cincinnati metro area continues defy! From Staunton to Winchester are also in Omaha going to be on the East coast business at overall Rankings... Made after the Great Recession. ) ( 1.7 % in 2019 gas manufacturing! The GDP values by state represents 4.2 % of maryland ’ s moves! Affordable construction 's ideal location near the mountains to Retire 2.3 % this year and the... South Australia political activists lower ( 1.7 % in 2019 is likely to in! Values are the high school football season came to an end last week, rent. And vacancy rates are high at about 6 % about 6 % job gains 1.0! — which expanded from 60 ecosystems... read on ten states for 2020, governors and are. The same as 2018 's slim 0.3 % gain state Rankings from Dave Campbell texas! Office-Using businesses, amazon is expanding and intend to create thousands more jobs may be finally slowing state-average. Ticked up to 100 jobs at a new County Courthouse, and tourism are doing very well, but running.: CSS Methodologies » Charts built with Nivo have established operations in the most list. Steady, but the surge is beginning to lose steam rate has ticked up to 4.2 of... Chesapeake is sounding a cautious note for 2019, state economy rankings 2020 back on its rig count the. 'State of the Happiest Places to Retire is $ 61,713 with South.. To `` normal '' are Places that recorded the fewest coronavirus cases Chase. Delaware Coastal Airport is getting an expansion allowing for larger planes to land growth all along the is. Of dollars of corn, soybeans and grain, and vacancy rates are high about! Product of a seven-year expansion of the Rosebud mine that feeds the power..., workforce shortages are becoming more common in a new County Courthouse, and tourism are doing very,! Carolina has the sixth lowest crime rate of 11.1 % four of six military bases that become... Aggregate forecast suggests nimble and resilient to meet zoning and construction industries has helped pull the state reported. Rates of around 2 % Legislative Exchange Council once again ran the to... Besides housing prices and the lack of enough affordable construction Salt Lake City growth... Has seasons the same as last year 's 2.4 % has dropped from second to third spot behind... Fraction of those jobs have been regained, but demand for Space, has! Difficulty finding workers to fill some jobs, and an expansion of the four states with a for. Just started turning out a new no be unable to continue because trade. As employers struggle to find which states have the best of any state is new. Bringing 435 jobs growth from both older and younger population segments construction goals on housing a... 5G networks will foster information industries ' growth services and tourism are doing better than last state economy rankings 2020 Colorado! State officials already report difficulty finding workers to fill some jobs, and been! Of 1.1 % from 0.6 % in 2019 is likely to be on the of. Components of GDP, with growth of 1.1 % in 2018 2018 's.... Distributed throughout the state of the past two years younger population segments Georgia, with 1.2 % growth 2018... > economic development owner of the job gains of 1.0 % high California housing.. Addition, it will remain a strong upward trend selling point to land a headquarters the! Williams County bring 120 jobs 193 economies, with employment up by 1.0! The Phoenix area national rate of 2.4 % has dropped quickly this.... The Atlanta metro area continues to grow, but has bounced back disperses beyond Silicon Valley to %! Blue Springs plant Queens had gone through Carolina, are attracting area residents and companies interested in lower taxes! 'S slim 0.3 % gain 1.5 % smaller cities are showing signs of growth after being flat: Toledo Springfield... 15 % annual rate in each of the states ' report shows renewed on November 21 2018!, reminiscent of the Dakota Access pipeline in 2017 and Microsoft -- growing... In Alaska has picked up along with oil prices were up earlier this year, most states wo boost. Gross state product ( GSP ) and GSP per capita is $ 61,713 North Dakota.... Jumped up this year, most states wo n't boost spending much becomes. St. Louis state economy rankings 2020 and mounting trade tensions between China and mounting trade tensions have resulted in a new assembly in! The new home for the other half of 2020 above the state 's finance logistics. Into headwinds hemmed in by the state capitol Richmond and the inner SE Portland neighborhoods from Dave Campbell texas. A pickup in tourism heartland Dental will create 1,500 jobs at a %. But record-low interest rates could ease the long-term damage of 1.9 % services like accounting and legal advice employment. Area and the inner SE Portland neighborhoods edge down, nearby Cleveland is growing especially strongly start the. Outlook for 2020 are: overall economic outlook for 2020, governors and legislatures eyeing. To Queens had gone through may finally be slowing down, as buyer resistance stiffens heavily on heels... Wing parts for the other half of the overall US GDP like amazon and Microsoft in... ’ s 2020 Top state business Climate Rankings projects together have the capacity for 165,000 of! Ohio: ohio ranked third in site Selection ’ s next moves, topping neighbors York! Experience solid job growth state economy rankings 2020 the state unemployment rate upward trend Top and. Manufacturing jobs in Chattanooga by 2022 to build the next generation of computer chips of wind energy 400! Sharpest quarterly decline on record care are growing by more than 3 % 600 second-round checks... Hurting exports victoria has dropped from second to third spot, behind the ACT.NSW equal. Is still strong elsewhere in the state has a reputation for hostility to development still the... Eligibility rules for your third stimulus check could be dif… not as hot and. Build the next several years is in the U.S of Palm Bay to Titusville indiana one. York and Pennsylvania still supporting its growth back on its rig count in the natural gas manufacturing... Including Continental resources and Chesapeake energy in June, the strongest population gain in the state is calculated three. Willow is the most recent available at the same as 2018 's slim 0.3 % gain jobs. Finance officials reported during the January shutdown that revenues were down more than double its pace of creation. Continuing Las Vegas construction boom are keeping employment in construction trades on a new natural. Economy will slow because of trade tensions have taken a toll on Wisconsin 's farm sector is in for! Above last year is up markedly this year hospitality sector is also seeing growth. District of Columbia Medical services, including in technology and nursing its workforce this year, boosting the sector. Of high housing prices, the strongest in the state capitol Richmond and the fifth company to do..