HOW DOES YOUR STATE’S ECONOMY RANK? Washington DC’s Ranking And #1 State May Surprise YouThanks to Obama s promise to shut down the coal industry, West Virginia comes in at #50. It s also interesting to note where Washington DC ranks in the nations best economies and why.Business Insider ranked the economies of these states, and DC s, on seven measures: unemployment rates, gross domestic product per capita, average weekly wages, and recent growth rates for non-farm payroll jobs, GDP, house prices, and wages.While they didn t factor them into the ranking, they also looked at the Fortune 1000 companies that have their headquarters in each state and which industries were disproportionately important in each state. This helped us get a little more insight into what makes each state economy tick.For more details on methodology and sources, click here.51. MississippiMississippi came in last in our ranking of state economies. Chicken, soybean, cotton, and rice farming are among the state s most disproportionately large employers.Mississippi had the lowest 2014 GDP per capita of any of the states, at just $35,019, and the lowest Q4 2014 weekly wage, at $747. The rate at which both of those measures was changing were also weak: Mississippi had the second-lowest GDP growth rate, with state GDP shrinking by 1.2%. The average weekly wage grew just 2.3% between Q4 2013 and Q4 2014.50. West VirginiaWest Virginia was one of just two states in which fewer people were working in June 2015 than in June 2015, with a drop of 1.2% in nonfarm payrolls over the year. The Appalachian state was also one of only three states where housing prices dropped between Q1 2014 and Q1 2015, and had the biggest drop in the state housing price index, falling 3.90%. One bright spot was that GDP grew by 5.1% in 2014, higher than the national rate of 2.2%.49. AlabamaAlabama s 2014 per capita GDP of $41,127 was far lower than the US per capita GDP of $54,307. GDP growth was also slower than in other states, increasing just 0.7% in 2014. Alabama s housing market remains lackluster, with housing prices rising just 1.8% between Q1 2014 and Q1 2015.48. New MexicoNew Mexico has a large mining sector: About 18,000 New Mexicans are employed in support activities for mining. The state, home to research institutions like the University of New Mexico and the Los Alamos National Laboratory, also has a disproportionately large number of people employed in science, with about 22,000 private sector physics, engineering, and biological-research employees.New Mexico s June unemployment rate of 6.4% was a bit higher than the national rate of 5.3%, and its housing market was sluggish, with home prices rising just 1.46% between Q1 2014 and Q1 2015. One bright spot is wage growth, with the weekly average wage in the state jumping 4.4% between Q4 2013 and Q4 2014.47. MissouriMissouri is home to 26 Fortune 1000 companies, including Emerson Electric, agricultural giant Monsanto, O Reilly Automotive, and Energizer.Missouri had a low rate of employment growth, with nonfarm payrolls growing just 0.8% between June 2014 and June 2015. The state was slightly below average on all our other metrics, like its 5.8% June 2015 unemployment rate, higher than the national rate of 5.3%.46. MaineShipbuilding and maintenance jobs are disproportionately common in Maine, home to Portsmouth Naval Shipyard, one of the four main shipyards used by the US Navy. The federal government employs about 4,700 workers in these industries.Maine saw low GDP growth in 2014 of only 0.2%. Maine s housing market was also slow, seeing only a 1.07% increase in housing prices. Maine s average weekly wage of $826 was also a bit lower than the national average of $1,035.45. ArkansasWhile home to corporate giants like Walmart, which sits at the very top of the Fortune 500 list, and food-processing conglomerate Tyson Foods, Arkansas  economy overall is weaker than that of most states.Arkansas  per capita GDP was $40,924, well below the US GDP per capita of $54,307. Similarly, the state s average weekly wage of $807 was quite a bit lower than the US average wage of $1,035 per week. However, the state s wage situation is improving: Wages rose by 4.5% from Q4 2013 to Q4 2014, the fifth highest wage-growth rate among the states.44. New Jersey The Garden State is home to the headquarters of several large corporations, including Johnson & Johnson, Prudential Financial, Merck, and Honeywell International. Although Atlantic City has seen better times, about 23,000 New Jerseyans are employed at casino hotels, about three times the national rate of employment in this industry.New Jersey had some rather extreme scores on our measures. While New Jersey s GDP per capita of $61,433 and average weekly wage of $1,211 were among the highest in the country, the growth rates for these two measures were far weaker: GDP grew just 0.4% in 2014, and wages rose just 2.0% between Q4 2013 and Q4 2014, much lower than the 3.5% change nationwide.43. KansasKansas  economy has huge agriculture and aerospace sectors. Among the most disproportionately common jobs in Kansas are livestock wholesalers, cattle ranchers, turkey producers, and airplane manufacturers.Kansas  over the year wage growth of 2.6% was somewhat weaker than the national rate of 3.5% between Q4 2013 and Q4 2014. Job growth was also below average, with nonfarm payrolls growing by only 0.8% between June 2014 and June 2015. Despite the slow change in employment, Kansas  June 2015 unemployment rate of 4.5% was quite a bit lower than the national 5.3% rate.42. VirginiaWith its proximity to the nation s capital and several key military installations, it s not surprising that government and military activities play a disproportionately large role in Virginia s economy. About 38,000 Virginians are employed in the shipbuilding industry, and 64,000 are employed by the federal government in national-security positions.This heavy government and defense presence also shows up in Virginia s Fortune 1000 companies: Among the big companies headquartered in Virginia are the government-backed Freddie Mac, and defense contractors General Dynamics and Northrop Grumman.Virginia s job growth was mediocre and its GDP growth was weaker than most states. Nonfarm payroll jobs increased by 1.3% between June 2014 and June 2015, and the state s GDP was flat in 2014, growing 0.0%. A more positive measure for Virginia was the state s average weekly wage of $1,057, just above the national average of $1,035.41. IllinoisSeveral iconic companies call Illinois home, like airplane builder Boeing, pharmacy giant Walgreens, insurance companies State Farm and Allstate, and the troubled burger sellers of McDonald s.While Illinois  weekly average wage of $1,089 is better than that of most other states, wage growth has been slower, with wages rising just 2.8% between Q4 2013 and Q4 2014.40. ArizonaAnchored by the metropolis of Phoenix, Arizona has a diverse economy. Among the most disproportionately large industries are mining, professional organizations, financial processing, and electronics manufacturing.Arizona s housing market is recovering well, with housing prices rising 6.03% between Q1 2014 and Q1 2015, a bit faster than the national change of 4.96%. However, the state s GDP per capita is somewhat lower than in other areas, at just $42,213, about $12,000 lower than the US per capita GDP of $54,307.39. LouisianaShipping services, sugar farming and processing, and petroleum refining and processing are three of the most disproportionately large industries in Louisiana.Louisiana s June 2015 unemployment rate of 6.4% was higher than that of most states. The state also had a below average year-over-year job growth rate, with nonfarm payrolls increasing by only 0.7% between June 2014 and June 2015.38. AlaskaMining, fishing, and seafood processing are among the most disproportionately large employers in Alaska.While Alaska s $77,477 GDP per capita was the second highest in the country, the state s GDP was one of only two that were lower in 2014 than 2013, with a 1.3% drop in economic activity over the year. The state s unemployment rate of 6.8% was the fourth highest among the states.37. MarylandLike Virginia, Maryland s proximity to Washington means a huge federal presence in the state: 15 of the 20 most over-represented industries in Maryland are federal government employers.While Maryland s $1,113 average weekly wage and $58,335 GDP per capita were both quite high, the state was one of only three to see house prices drop between Q1 2014 and Q1 2015, with the house price index dropping 0.38%. This housing market weakness along with middling scores on our other metrics kept the state from rising higher in our rankings.36. PennsylvaniaPennsylvania is home to several storied US corporations, like US Steel, Comcast, Rite Aid, and Hershey. This heritage shows up in the industries that employ a disproportionately large number of workers in the state: about 13,000 Pennsylvanians work in iron and steel mills, and about 8,000 in chocolate candy manufacturing.Pennsylvania was pretty middle of the road on most of our metrics. The state s June 2015 unemployment rate of 5.4% was just above the national rate of 5.3%, and the Q4 2014 average weekly wage of $1,013 was very close to the national average wage of $1,035.35. South CarolinaSouth Carolina has a disproportionately large manufacturing sector. Various types of fabric and textile manufacturing, tire manufacturing, and fabricated metal product manufacturing all employ a higher proportion of South Carolinians than of Americans as a whole.While South Carolina s housing market was strengthening, with a 6.46% increase in housing prices between Q1 2014 and Q1 2015, the state s unemployment rate of 6.6% was the sixth highest among the states, and its per capita GDP of just $39,380 was the third lowest.34. IndianaManufacturing is still a big part of Indiana s economy: About 21,000 Hoosiers are employed in motor vehicle power train manufacturing, another 34,000 in auto body manufacturing, and about 20,000 in iron and steel mills.Indiana was a mixed bag on our measures. GDP growth was sluggish at just 0.4% in 2014. On the other hand, average weekly wages grew 3.9% between Q4 2013 and Q4 2014, a bit higher than the national rate of 3.5%.33. Rhode IslandRhode Island s coastal location shows up in its economy, with private marinas and shipbuilders among the most disproportionately large employers in the state.Rhode Island s unemployment rate has dropped quite a bit in recent years, but at 5.9% in June, it is still above the 5.3% national rate. Rhode Island s job creation was middle of the road, with nonfarm payrolls growing by 1.2% between June 2014 and June 2015. On a brighter note, the 4.5% rate of year over year wage growth was the fifth highest among the states.32. ConnecticutGeneral Electric, No. 8 on the Fortune 500, calls Connecticut home, as do health insurance giants Aetna and Cigna. Not surprisingly, aerospace manufacture, insurance, and financial activities are among the most disproportionately large employers in the Constitution State.While Connecticut s GDP per capita of $70,353 was the sixth best in the country, and its $1,278 average weekly wage was the fourth best, the state s house price growth of 0.40% was the fourth worst.31. NevadaThe home of Las Vegas naturally has an outsize gaming sector. About 183,000 Nevadans are employed by Casino hotels, with another 10,000 employed by non-hotel casinos and other gambling establishments.Nevada found itself in the middle of the states because of a few extreme scores on our rankings. On the positive side, the state had the second-highest rate of job growth among the states, with nonfarm payrolls growing by 3.5% between June 2014 and June 2015. The state s housing market has been recovering nicely after being slammed especially hard after the collapse of the housing bubble, with housing prices rising 10.11% between Q1 2014 and Q1 2015, the second-highest jump in the country.On the negative side, Nevada s 6.9% unemployment rate is the third highest in the country, and the state s average weekly wage only grew by 1.6% between Q4 2013 and Q4 2014, the second-lowest growth rate among the states.30. OklahomaThe oil industry plays an outsize role in Oklahoma s economy. About 24,000 people work in the oil-and-gas-extraction industry, with another 37,000 in support activities for mining.Like Nevada, Oklahoma scored very well on a few of our metrics and poorly on others. On the positive side, the state s 2014 GDP growth rate was 2.8%, the ninth-best among the states, and the state unemployment rate of 4.5% was much lower than average. On the negative side, job growth was slow, with a 0.6% year-over-year growth rate in nonfarm payroll jobs.29. WisconsinWisconsin s association with cheese and other dairy products is no accident: Some 17,000 Wisconsinites are employed in dairy product manufacturing, 13,000 in dairy cattle and milk production, and another 5,000 in dairy product wholesale.Wisconsin scored close to average on most of our metrics. The state s June 2015 unemployment rate of 4.6% was quite a bit lower than the national rate of 5.3%, housing prices went up 5.09% between Q1 2014 and Q1 2015, right in line with the national change of 4.96%, and the state s Q4 2013-Q4 2014 wage growth of 3.4% was about the same as the national growth rate of 3.5%.28. MontanaMontana is a big, wide-open state, and cattle ranching is a disproportionately large industry there. Montana s 3.9% unemployment rate was the eighth best among the states, but its average weekly wage of $794 was the fourth lowest.27. KentuckyKentucky is famous for its bourbon, its horse races, and its coal. All three are disproportionately big employers in the state: About 4,000 Kentuckians work in distilleries, 1,300 in horse ranching, and 11,000 in coal mining.Kentucky fell in the middle on most of our metrics. The state saw nonfarm payroll jobs rise by 2.2% between June 2014 and June 2015, close to the national rate of 2.1%. The state s average weekly wage was a bit lower than average, however, at just $836 compared to the national average of $1,035.26. North CarolinaNorth Carolina is home to 27 Fortune 1000 companies, including Duke Energy, Lowe s, and Bank of America.Job growth was healthy in the state, with a 2.4% increase in nonfarm payrolls between June 2014 and June 2015, slightly higher than the 2.1% national growth rate. The state s 2014 GDP per capita of $48,585 was a bit below the national level of $54,307.25. OhioOhio s industrial legacy lives on. About 31,000 Ohioans are employed in motor-vehicle parts manufacturing, with another 11,000 in motor-vehicle metal stamping.Ohio s 2014 2.1% GDP growth was just below the national growth rate of 2.2%, and the state s 5.2% unemployment rate was just below the national 5.3% rate.24. HawaiiHawaii is a gorgeous state, and tourism is a big part of the economy. Hotels employ about 38,000 residents of the state, with another 7,000 employed as tour operators and in sightseeing transportation.Hawaii s unemployment rate of 4.0% was below the national rate of 5.3%, but the state s housing market was more sluggish than average, with home prices rising just 1.53%, lower than the national growth rate of 4.96%.23. DelawareDelaware has an extremely generous corporate law, and over half of US companies are legally incorporated in the state.Delaware had a high 2014 GDP/capita, at $67,075, much higher than the national GDP per capita of $54,307. However, the state s year over year wage growth of just 1.5% was the lowest among the states.22. IowaAgricultural industries are a big part of Iowa s economy. Agricultural equipment manufacturing, starch, and vegetable oil manufacturing, and breakfast-cereal manufacturing are three of the most disproportionately large industries in the state.Iowa s 3.7% unemployment rate was the fifth lowest in the country. The state s 2014 GDP growth of just 0.4% was relatively anemic, however.21. South DakotaSouth Dakota s economy still relies heavily on agriculture. Grain farming and wholesale, livestock wholesale, and cattle production all employ South Dakotans at a higher rate than Americans as a whole.While South Dakota s June 2015 unemployment rate of 3.8% was the sixth lowest in the country, the Q4 2014 average weekly wage was just $791, third lowest among the states.20. TennesseeTennessee is home to 20 members of the Fortune 1000, including shipping giant FedEx, discount retailer Dollar General, and hospital conglomerate HCA.Tennessee scored about average on many of our metrics. The state s unemployment rate of 5.7% was a bit higher than the national 5.3% rate, and the average weekly wage in the state grew by 3.5% between Q4 2013 and Q4 2014, equal to the national growth rate.19. VermontCoffee-pod conglomerate Keurig Green Mountain was founded in Vermont, where it has its headquarters.Vermont s 3.6% unemployment rate was the fourth lowest in the country, but the state s 2014 GDP growth was rather sluggish at just 0.6%.18. GeorgiaTextiles are a disproportionately large part of Georgia s economy, with carpet and rug mills, fiber and yarn mills, and fabric mills all employing Georgians at a higher rate than other Americans.Georgia s GDP grew by 2.3% in 2014, slightly higher than the 2.2% national growth rate. The state s unemployment rate of 6.1% continues to be higher than that of most other states.17. Michigan Detroit still looms large in Michigan: About 46,000 residents of Michigan work in auto and light-truck manufacturing, with tens of thousands more in related industries like metal stamping for cars and power train manufacturing.Michigan s housing market has been improving, with home prices rising 6.4% between Q1 2014 and Q1 2015, somewhat faster than the national increase of 5.0%. The state s 2.2% growth in nonfarm payrolls between June 2014 and June 2015 was right in line with the US rate of 2.1%.16. MinnesotaMinnesota is the headquarters for 25 Fortune 1000 companies, including Target, Best Buy, 2M, and General Mills. All four of those are headquartered in the Minneapolis-St. Paul region.Minnesota s 3.9% unemployment rate was the eighth lowest among the states. The state s 2014 GDP per capita of $57,943 was a little higher than the national per-person economic activity of $54,307.15. IdahoMemory and computer-chip maker Micron Technologies   recently in the news after talk of a buyout by Chinese tech giant Tsinghua Unigroup that could draw the ire of US regulators   is based in Boise, Idaho.Idaho s labor market is looking good, with an unemployment rate of just 4.0% and a 2.6% increase in nonfarm payrolls between June 2014 and June 2015. However, the state s per capita GDP of $39,127 and average weekly wage of $782 were both the second lowest among the states.14. NebraskaAgriculture and meat production are big parts of Nebraska s economy. About 26,000 Nebraskans are employed in animal slaughtering and processing, with thousands more in grain farming, cattle ranching, and agricultural-tool manufacturing.Nebraska s unemployment rate of 2.6% was the lowest in the country in June 2015. The state s average wage rose an impressive 5.2% between Q4 2013 and Q4 2014. Despite that increase, the Q4 2014 average weekly wage was just $837, quite a bit lower than the national average of $1,035.13. WyomingOil and coal mining are a big part of Wyoming s economy. About 6,500 citizens of the state work in coal mining, 4,600 in oil and gas drilling, 4,000 in oil- and gas-pipeline construction, and 14,000 in mining-support activities.Wyoming s 2014 GDP growth rate of 5.1% and per capita GDP of $75,648 were both the third highest in the country. However, Wyoming was one of just two states to have fewer people working in the state in June 2015 than in June 2014, with the number of nonfarm payroll jobs in the state dropping by 0.7%.12. FloridaWith Disney World, Sea World, and Universal Studios all located in the Sunshine State, it s not surprising that about 69,000 Floridians are employed in the amusement and theme-park industry.Florida s housing market, one of the worst hit by the collapse of the 2000s housing bubble, has been recovering nicely. House prices went up by 8.7%, the third-fastest growth rate among the states. However, Florida is kept out of the top 10 states with its below average per capita GDP of $42,222.11. CaliforniaThe nation s largest state is home to 10% of the Fortune 1000, with 101 companies on the list having their headquarters in California. These include Silicon Valley giants like Apple, HP, Google, Intel, and Oracle, Disney, and Wells Fargo.While California s 2014 GDP growth of 2.8% was the ninth highest among the states and the house price increase of 7.5% was the fifth highest, the June unemployment rate of 6.3% was the ninth highest, hurting California s overall score.10. OregonAthletic-apparel and shoe giant Nike was founded in Oregon, where it still has its headquarters.Oregon s 3.2% increase in nonfarm payroll jobs between June 2014 and June 2015 was the fifth best in the country, and its 3.6% GDP growth in 2014 was the sixth best.9. New YorkBusiness Insider s Sarah Schmalbruch recently pointed out that New York City is the greatest city in the world, and so it s no surprise that the state economy that includes the financial capital of the US and arguably the world falls in the top 10.New York had the second-highest average weekly wage in the country, at $1,321. The state s GDP per capita of $71,128 was the fifth highest. However, the June unemployment rate of 5.5% remains just above the national rate of 5.3%.8. New HampshireThe industrial legacy of New England lives on in New Hampshire. About 7,300 residents work in electronic-instrument manufacturing, 5,000 in semiconductor and electronic-component manufacturing, and 3,700 in miscellaneous fabricated-metal product manufacturing.New Hampshire s 3.8% unemployment rate was the sixth lowest among the states, and its average weekly wage grew by a very impressive 6.3% from Q4 2013 to Q4 2014, the second highest rate in the country.7. UtahUtah is home to four Fortune 1000 companies, the largest of which is the Huntsman chemical corporation.Utah s job market is booming. The number of nonfarm payrolls in the state grew by 4.3%, the fastest growth rate in the country. Meanwhile, Utah s 3.5% unemployment rate was the third lowest.6. MassachusettsWith its several colleges and universities providing a highly educated workforce, Massachusetts is a major hub of finance and high tech. Big companies like insurer Liberty Mutual, retail giant T.J. Maxx, and defense contractor Raytheon all have their headquarters in the state.Massachusetts  2014 per capita GDP of $68,185 was the seventh best among the states, and the state had the third highest Q4 2014 average weekly wage, at $1,315.5. WashingtonTen Fortune 500 companies are based in Washington, including discount retail giant Costco, ubiquitous coffee chain Starbucks, and huge tech companies Amazon and Microsoft.Washington s housing market is doing quite well: House prices rose 7.6% between Q1 2014 and Q1 2015, the fourth-highest growth rate among the states. The state s 3.5% increase in nonfarm payrolls between June 2014 and June 2015 was the third best in the country.4. TexasWhile Texas has a very diverse economy, and despite turbulence in prices in the last year, oil remains a big part of the Texas story. About 103,000 Texans are employed in the oil-and-gas-extraction industry, and tens of thousands more are in related industries, like pipeline construction, mining support activities, and petrochemical manufacturing.Texas performed very well on all seven of our measures, ranking no worse than 13th in each. Particularly impressive were the state s second best in the country 2014 GDP growth rate of 5.2% and sixth best housing price increase of 6.5%.3. District of ColumbiaUnsurprisingly, the federal government is the dominant factor in the economy of the nation s capital. About 31% of workers are employed by the federal and local governments in the district.DC is quite different from the states, and it had some extreme scores on our measures. Washington came up as high in the ranking as it did because of its absolutely stunning per capita GDP of $175,253   over three times the US per capita GDP of $54,307. Also greatly helping DC s standing was its equally impressive average weekly wage of $1,696, about $375 higher than second-place New York.On the downside, the district s 7.0% unemployment rate was the second highest in the country, and housing prices fell 0.8% between Q1 2014 and Q1 2015, a situation that happened in only two states.2. ColoradoDish Network, Western Union, and Chipotle are three of the 23 Fortune 1000 companies headquartered in Colorado.Colorado s housing market had the most improvement in the country, with house prices rising 11.2% between Q1 2014 and Q1 2015. The state s 2014 GDP growth rate of 4.7% was also very strong, and was the fifth best among the states.1. North DakotaNorth Dakota had the strongest economy in the country. The state s economy has seen a major boon from the rise of oil fracking in the last few years, and despite chaos in oil prices recently, North Dakota s economy remains robust.North Dakota s 3.1% unemployment rate was the second lowest in the country. The state also had both the highest 2014 GDP growth rate of 6.3% and the highest average wage growth rate of a whopping 7.1%.Via: Business Insider Government News
how does your state s economy rank washington dc ranking and state may surprise youthanks obama promise shut coal industry west virginia comes it also interesting note washington dc ranks nations best economies insider ranked economies states dc seven measures unemployment rates gross domestic product per capita average weekly wages recent growth rates payroll jobs gdp house prices factor ranking also looked fortune companies headquarters state industries disproportionately important state this helped us get little insight makes state economy details methodology sources click mississippimississippi came last ranking state economies chicken soybean cotton rice farming among state disproportionately large lowest gdp per capita states lowest weekly wage the rate measures changing also weak mississippi gdp growth rate state gdp shrinking the average weekly wage grew west virginiawest virginia one two states fewer people working june june drop confirm payroll year the appalachian state also one three states housing prices dropped biggest drop state housing price index falling one bright spot gdp grew higher national rate alabamaalabama per capita gdp far lower us per capita gdp gdp growth also slower states increasing alabama housing market remains lackluster housing prices rising new mexiconew mexico large mining sector about new mexican employed support activities mining the state home research institutions like university new mexico los almost national laboratory also disproportionately large number people employed science private sector physics engineering mexico june unemployment rate bit higher national rate housing market sluggish home prices rising one bright spot wage growth weekly average wage state jumping missourimissouri home fortune companies including emerson electric agricultural giant monsanto o really automotive low rate employment growth confirm payroll growing june june the state slightly average metrics like june unemployment rate higher national rate maineshipbuilding maintenance jobs disproportionately common maine home portsmouth naval shipyard one four main shipyards used us navy the federal government employs workers saw low gdp growth maine housing market also slow seeing increase housing prices maine average weekly wage also bit lower national average arkansaswhile home corporate giants like walmart sits top fortune list conglomerate tyson foods arkansas economy overall weaker per capita gdp well us gdp per capita similarly state average weekly wage quite bit lower us average wage per week however state wage situation improving wages rose fifth highest rate among new jersey the garden state home headquarters several large corporations including johnson johnson credential financial mercy honeywell international although atlantic city seen better times new jerseys employed casino hotels three times national rate employment jersey rather extreme scores measures while new jersey gdp per capita average weekly wage among highest country growth rates two measures far weaker gdp grew wages rose much lower change kansaskansas economy huge agriculture aerospace sectors among disproportionately common jobs kansas livestock wholesale cattle ranchers turkey producers airplane year wage growth somewhat weaker national rate job growth also average confirm payroll growing june june despite slow change employment kansas june unemployment rate quite bit lower national virginiawith proximity nation capital several key military installations surprising government military activities play disproportionately large role virginia economy about virginiana employed shipbuilding industry employed federal government heavy government defense presence also shows virginia fortune companies among big companies headquartered virginia freddie mac defense contractors general dynamics northrop job growth mediocre gdp growth weaker states confirm payroll jobs increased june june state gdp flat growing a positive measure virginia state average weekly wage national average illinoisseveral iconic companies call illinois home like airplane builder boeing pharmacy giant walgreens insurance companies state farm allocate troubled burger sellers mcdonald illinois weekly average wage better states wage growth slower wages rising arizonaanchored metropolis phoenix arizona diverse economy among disproportionately large industries mining professional organizations financial processing electronics housing market recovering well housing prices rising bit faster national change however state gdp per capita somewhat lower areas lower us per capita gdp louisianashipping services sugar farming processing petroleum refining processing three disproportionately large industries june unemployment rate higher states the state also average job growth rate confirm payroll increasing june june alaskamining fishing seafood processing among disproportionately large employers alaska gdp per capita second highest country state gdp one two lower drop economic activity year the state unemployment rate fourth highest among marylandlike virginia maryland proximity washington means huge federal presence state industries maryland federal government maryland average weekly wage gdp per capita quite high state one three see house prices drop house price index dropping this housing market weakness along meddling scores metrics kept state rising higher pennsylvaniapennsylvania home several storied us corporations like us steel comcast rite aid jersey this heritage shows industries employ disproportionately large number workers state pennsylvania work iron steel mills chocolate candy pretty middle road metrics the state june unemployment rate national rate average weekly wage close national average wage south carolinasouth carolina disproportionately large manufacturing sector various types fabric textile manufacturing tire manufacturing fabricated metal product manufacturing employ higher proportion south carolinians americans south carolina housing market strengthening increase housing prices state unemployment rate sixth highest among states per capita gdp third indianamanufacturing still big part indiana economy about dossiers employed motor vehicle power train manufacturing another auto body manufacturing iron steel mixed bag measures gdp growth sluggish on hand average weekly wages grew bit higher national rate rhode islandrhode island coastal location shows economy private marina shipbuilder among disproportionately large employers island unemployment rate dropped quite bit recent years june still national rate rhode island job creation middle road confirm payroll growing june june on brighter note rate year year wage growth fifth highest among connecticutgeneral electric no fortune calls connecticut home health insurance giants meta sign not surprisingly aerospace manufacture insurance financial activities among disproportionately large employers constitution connecticut gdp per capita sixth best country average weekly wage fourth best state house price growth fourth nevadathe home las vegas naturally outside gaming sector about nevada employed casino hotels another employed casinos gambling found middle states extreme scores rankings on positive side state rate job growth among states confirm payroll growing june june the state housing market recovering nicely slammed especially hard collapse housing bubble housing prices rising jump negative side nevada unemployment rate third highest country state average weekly wage grew growth rate among oklahomathe oil industry plays outside role oklahoma economy about people work industry another support activities nevada oklahoma scored well metrics poorly others on positive side state gdp growth rate among states state unemployment rate much lower average on negative side job growth slow growth rate confirm payroll wisconsinwisconsin association cheese dairy products accident some wisconsinites employed dairy product manufacturing dairy cattle milk production another dairy product scored close average metrics the state june unemployment rate quite bit lower national rate housing prices went right line national change state wage growth national growth rate montanamontana big state cattle ranching disproportionately large industry montana unemployment rate eighth best among states average weekly wage fourth kentuckykentucky famous bourbon horse races coal all three disproportionately big employers state about kentuckians work distilleries horse ranching coal fell middle metrics the state saw confirm payroll jobs rise june june close national rate the state average weekly wage bit lower average however compared national average north carolinanorth carolina home fortune companies including duke energy lowe bank growth healthy state increase confirm payroll june june slightly higher national growth rate the state gdp per capita bit national level ohioohio industrial legacy lives about onions employed parts manufacturing another metal gdp growth national growth rate state unemployment rate national hawaiihawaii gorgeous state tourism big part economy hotels employ residents state another employed tour operators sightseeing unemployment rate national rate state housing market sluggish average home prices rising lower national growth rate delawaredelaware extremely generous corporate law half us companies legally incorporated high much higher national gdp per capita however state year year wage growth lowest among iowaagricultural industries big part iowa economy agricultural equipment manufacturing starch vegetable oil manufacturing manufacturing three disproportionately large industries unemployment rate fifth lowest country the state gdp growth relatively anemia south dakotasouth dakota economy still relies heavily agriculture grain farming wholesale livestock wholesale cattle production employ south dakota higher rate americans south dakota june unemployment rate sixth lowest country average weekly wage third lowest among tennesseetennessee home members fortune including shipping giant index discount retailer dollar general hospital conglomerate scored average many metrics the state unemployment rate bit higher national rate average weekly wage state grew equal national growth conglomerate keirin green mountain founded vermont unemployment rate fourth lowest country state gdp growth rather sluggish georgiatextiles disproportionately large part georgia economy carpet rug mills fiber yarn mills fabric mills employing georgia higher rate gdp grew slightly higher national growth rate the state unemployment rate continues higher michigan detroit still looms large michigan about residents michigan work auto manufacturing tens thousands related industries like metal stamping cars power train housing market improving home prices rising somewhat faster national increase the state growth confirm payroll june june right line us rate minnesotaminnesota headquarters fortune companies including target best buy general mills all four headquartered paul unemployment rate eighth lowest among states the state gdp per capita little higher national economic activity idahomemory maker micro technologies recently news talk buyout chinese tech giant tsinghua unigroup could draw ire us regulators based noise labor market looking good unemployment rate increase confirm payroll june june however state per capita gdp average weekly wage second lowest among nebraskaagriculture meat production big parts nebraska economy about nebraska employed animal slaughtering processing thousands grain farming cattle ranching unemployment rate lowest country june the state average wage rose impressive despite increase average weekly wage quite bit lower national average wyomingoil coal mining big part wyoming economy about citizens state work coal mining oil gas drilling construction gdp growth rate per capita gdp third highest country however wyoming one two states fewer people working state june june number confirm payroll jobs state dropping floridawith disney world sea world universal studios located sunshine state surprising floridians employed amusement housing market one worst hit collapse housing bubble recovering nicely house prices went growth rate among states however florida kept top states average per capita gdp californiathe nation largest state home fortune companies list headquarters california these include silicon valley giants like apple hp google intel oracle disney wells california gdp growth ninth highest among states house price increase fifth highest june unemployment rate ninth highest hurting california overall shoe giant nike founded oregon still increase confirm payroll jobs june june fifth best country gdp growth sixth new yorkbusiness insider sarah schmalbruch recently pointed new york city greatest city world surprise state economy includes financial capital us arguably world falls top york average weekly wage country the state gdp per capita fifth highest however june unemployment rate remains national rate new hampshirethe industrial legacy new england lives new hampshire about residents work manufacturing semiconductor manufacturing miscellaneous product hampshire unemployment rate sixth lowest among states average weekly wage grew impressive second highest rate utahutah home four fortune companies largest huntsman chemical job market booming the number confirm payroll state grew fastest growth rate country meanwhile utah unemployment rate third massachusettswith several colleges universities providing highly educated workforce massachusetts major hub finance high tech big companies like insurer liberty mutual retail giant max defense contractor pantheon headquarters per capita gdp seventh best among states state third highest average weekly wage washingtonten fortune companies based washington including discount retail giant cost ubiquitous coffee chain starbucks huge tech companies amazon housing market quite well house prices rose growth rate among states the state increase confirm payroll june june third best texaswhile texas diverse economy despite turbulence prices last year oil remains big part texas story about texans employed industry tens thousands related industries like pipeline construction mining support activities petrochemical performed well seven measures ranking worse particularly impressive state second best country gdp growth rate sixth best housing price increase district columbiaunsurprisingly federal government dominant factor economy nation capital about workers employed federal local governments quite different states extreme scores measures washington came high ranking absolutely stunning per capita gdp three times us per capita gdp also greatly helping dc standing equally impressive average weekly wage higher new downside district unemployment rate second highest country housing prices fell situation happened two coloradodish network western union chipotle three fortune companies headquartered housing market improvement country house prices rising the state gdp growth rate also strong fifth best among north dakotanorth dakota strongest economy country the state economy seen major boon rise oil fracking last years despite chaos oil prices recently north dakota economy remains dakota unemployment rate second lowest country the state also highest gdp growth rate highest average wage growth rate shopping business insider government news
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: HOW DOES YOUR STATE’S ECONOMY RANK? Washington DC’s Ranking And #1 State May Surprise YouThanks to Obama s promise to shut down the coal industry, West Virginia comes in at #50. It s also interesting to note where Washington DC ranks in the nations best economies and why.Business Insider ranked the economies of these states, and DC s, on seven measures: unemployment rates, gross domestic product per capita, average weekly wages, and recent growth rates for non-farm payroll jobs, GDP, house prices, and wages.While they didn t factor them into the ranking, they also looked at the Fortune 1000 companies that have their headquarters in each state and which industries were disproportionately important in each state. This helped us get a little more insight into what makes each state economy tick.For more details on methodology and sources, click here.51. MississippiMississippi came in last in our ranking of state economies. Chicken, soybean, cotton, and rice farming are among the state s most disproportionately large employers.Mississippi had the lowest 2014 GDP per capita of any of the states, at just $35,019, and the lowest Q4 2014 weekly wage, at $747. The rate at which both of those measures was changing were also weak: Mississippi had the second-lowest GDP growth rate, with state GDP shrinking by 1.2%. The average weekly wage grew just 2.3% between Q4 2013 and Q4 2014.50. West VirginiaWest Virginia was one of just two states in which fewer people were working in June 2015 than in June 2015, with a drop of 1.2% in nonfarm payrolls over the year. The Appalachian state was also one of only three states where housing prices dropped between Q1 2014 and Q1 2015, and had the biggest drop in the state housing price index, falling 3.90%. One bright spot was that GDP grew by 5.1% in 2014, higher than the national rate of 2.2%.49. AlabamaAlabama s 2014 per capita GDP of $41,127 was far lower than the US per capita GDP of $54,307. GDP growth was also slower than in other states, increasing just 0.7% in 2014. Alabama s housing market remains lackluster, with housing prices rising just 1.8% between Q1 2014 and Q1 2015.48. New MexicoNew Mexico has a large mining sector: About 18,000 New Mexicans are employed in support activities for mining. The state, home to research institutions like the University of New Mexico and the Los Alamos National Laboratory, also has a disproportionately large number of people employed in science, with about 22,000 private sector physics, engineering, and biological-research employees.New Mexico s June unemployment rate of 6.4% was a bit higher than the national rate of 5.3%, and its housing market was sluggish, with home prices rising just 1.46% between Q1 2014 and Q1 2015. One bright spot is wage growth, with the weekly average wage in the state jumping 4.4% between Q4 2013 and Q4 2014.47. MissouriMissouri is home to 26 Fortune 1000 companies, including Emerson Electric, agricultural giant Monsanto, O Reilly Automotive, and Energizer.Missouri had a low rate of employment growth, with nonfarm payrolls growing just 0.8% between June 2014 and June 2015. The state was slightly below average on all our other metrics, like its 5.8% June 2015 unemployment rate, higher than the national rate of 5.3%.46. MaineShipbuilding and maintenance jobs are disproportionately common in Maine, home to Portsmouth Naval Shipyard, one of the four main shipyards used by the US Navy. The federal government employs about 4,700 workers in these industries.Maine saw low GDP growth in 2014 of only 0.2%. Maine s housing market was also slow, seeing only a 1.07% increase in housing prices. Maine s average weekly wage of $826 was also a bit lower than the national average of $1,035.45. ArkansasWhile home to corporate giants like Walmart, which sits at the very top of the Fortune 500 list, and food-processing conglomerate Tyson Foods, Arkansas  economy overall is weaker than that of most states.Arkansas  per capita GDP was $40,924, well below the US GDP per capita of $54,307. Similarly, the state s average weekly wage of $807 was quite a bit lower than the US average wage of $1,035 per week. However, the state s wage situation is improving: Wages rose by 4.5% from Q4 2013 to Q4 2014, the fifth highest wage-growth rate among the states.44. New Jersey The Garden State is home to the headquarters of several large corporations, including Johnson & Johnson, Prudential Financial, Merck, and Honeywell International. Although Atlantic City has seen better times, about 23,000 New Jerseyans are employed at casino hotels, about three times the national rate of employment in this industry.New Jersey had some rather extreme scores on our measures. While New Jersey s GDP per capita of $61,433 and average weekly wage of $1,211 were among the highest in the country, the growth rates for these two measures were far weaker: GDP grew just 0.4% in 2014, and wages rose just 2.0% between Q4 2013 and Q4 2014, much lower than the 3.5% change nationwide.43. KansasKansas  economy has huge agriculture and aerospace sectors. Among the most disproportionately common jobs in Kansas are livestock wholesalers, cattle ranchers, turkey producers, and airplane manufacturers.Kansas  over the year wage growth of 2.6% was somewhat weaker than the national rate of 3.5% between Q4 2013 and Q4 2014. Job growth was also below average, with nonfarm payrolls growing by only 0.8% between June 2014 and June 2015. Despite the slow change in employment, Kansas  June 2015 unemployment rate of 4.5% was quite a bit lower than the national 5.3% rate.42. VirginiaWith its proximity to the nation s capital and several key military installations, it s not surprising that government and military activities play a disproportionately large role in Virginia s economy. About 38,000 Virginians are employed in the shipbuilding industry, and 64,000 are employed by the federal government in national-security positions.This heavy government and defense presence also shows up in Virginia s Fortune 1000 companies: Among the big companies headquartered in Virginia are the government-backed Freddie Mac, and defense contractors General Dynamics and Northrop Grumman.Virginia s job growth was mediocre and its GDP growth was weaker than most states. Nonfarm payroll jobs increased by 1.3% between June 2014 and June 2015, and the state s GDP was flat in 2014, growing 0.0%. A more positive measure for Virginia was the state s average weekly wage of $1,057, just above the national average of $1,035.41. IllinoisSeveral iconic companies call Illinois home, like airplane builder Boeing, pharmacy giant Walgreens, insurance companies State Farm and Allstate, and the troubled burger sellers of McDonald s.While Illinois  weekly average wage of $1,089 is better than that of most other states, wage growth has been slower, with wages rising just 2.8% between Q4 2013 and Q4 2014.40. ArizonaAnchored by the metropolis of Phoenix, Arizona has a diverse economy. Among the most disproportionately large industries are mining, professional organizations, financial processing, and electronics manufacturing.Arizona s housing market is recovering well, with housing prices rising 6.03% between Q1 2014 and Q1 2015, a bit faster than the national change of 4.96%. However, the state s GDP per capita is somewhat lower than in other areas, at just $42,213, about $12,000 lower than the US per capita GDP of $54,307.39. LouisianaShipping services, sugar farming and processing, and petroleum refining and processing are three of the most disproportionately large industries in Louisiana.Louisiana s June 2015 unemployment rate of 6.4% was higher than that of most states. The state also had a below average year-over-year job growth rate, with nonfarm payrolls increasing by only 0.7% between June 2014 and June 2015.38. AlaskaMining, fishing, and seafood processing are among the most disproportionately large employers in Alaska.While Alaska s $77,477 GDP per capita was the second highest in the country, the state s GDP was one of only two that were lower in 2014 than 2013, with a 1.3% drop in economic activity over the year. The state s unemployment rate of 6.8% was the fourth highest among the states.37. MarylandLike Virginia, Maryland s proximity to Washington means a huge federal presence in the state: 15 of the 20 most over-represented industries in Maryland are federal government employers.While Maryland s $1,113 average weekly wage and $58,335 GDP per capita were both quite high, the state was one of only three to see house prices drop between Q1 2014 and Q1 2015, with the house price index dropping 0.38%. This housing market weakness along with middling scores on our other metrics kept the state from rising higher in our rankings.36. PennsylvaniaPennsylvania is home to several storied US corporations, like US Steel, Comcast, Rite Aid, and Hershey. This heritage shows up in the industries that employ a disproportionately large number of workers in the state: about 13,000 Pennsylvanians work in iron and steel mills, and about 8,000 in chocolate candy manufacturing.Pennsylvania was pretty middle of the road on most of our metrics. The state s June 2015 unemployment rate of 5.4% was just above the national rate of 5.3%, and the Q4 2014 average weekly wage of $1,013 was very close to the national average wage of $1,035.35. South CarolinaSouth Carolina has a disproportionately large manufacturing sector. Various types of fabric and textile manufacturing, tire manufacturing, and fabricated metal product manufacturing all employ a higher proportion of South Carolinians than of Americans as a whole.While South Carolina s housing market was strengthening, with a 6.46% increase in housing prices between Q1 2014 and Q1 2015, the state s unemployment rate of 6.6% was the sixth highest among the states, and its per capita GDP of just $39,380 was the third lowest.34. IndianaManufacturing is still a big part of Indiana s economy: About 21,000 Hoosiers are employed in motor vehicle power train manufacturing, another 34,000 in auto body manufacturing, and about 20,000 in iron and steel mills.Indiana was a mixed bag on our measures. GDP growth was sluggish at just 0.4% in 2014. On the other hand, average weekly wages grew 3.9% between Q4 2013 and Q4 2014, a bit higher than the national rate of 3.5%.33. Rhode IslandRhode Island s coastal location shows up in its economy, with private marinas and shipbuilders among the most disproportionately large employers in the state.Rhode Island s unemployment rate has dropped quite a bit in recent years, but at 5.9% in June, it is still above the 5.3% national rate. Rhode Island s job creation was middle of the road, with nonfarm payrolls growing by 1.2% between June 2014 and June 2015. On a brighter note, the 4.5% rate of year over year wage growth was the fifth highest among the states.32. ConnecticutGeneral Electric, No. 8 on the Fortune 500, calls Connecticut home, as do health insurance giants Aetna and Cigna. Not surprisingly, aerospace manufacture, insurance, and financial activities are among the most disproportionately large employers in the Constitution State.While Connecticut s GDP per capita of $70,353 was the sixth best in the country, and its $1,278 average weekly wage was the fourth best, the state s house price growth of 0.40% was the fourth worst.31. NevadaThe home of Las Vegas naturally has an outsize gaming sector. About 183,000 Nevadans are employed by Casino hotels, with another 10,000 employed by non-hotel casinos and other gambling establishments.Nevada found itself in the middle of the states because of a few extreme scores on our rankings. On the positive side, the state had the second-highest rate of job growth among the states, with nonfarm payrolls growing by 3.5% between June 2014 and June 2015. The state s housing market has been recovering nicely after being slammed especially hard after the collapse of the housing bubble, with housing prices rising 10.11% between Q1 2014 and Q1 2015, the second-highest jump in the country.On the negative side, Nevada s 6.9% unemployment rate is the third highest in the country, and the state s average weekly wage only grew by 1.6% between Q4 2013 and Q4 2014, the second-lowest growth rate among the states.30. OklahomaThe oil industry plays an outsize role in Oklahoma s economy. About 24,000 people work in the oil-and-gas-extraction industry, with another 37,000 in support activities for mining.Like Nevada, Oklahoma scored very well on a few of our metrics and poorly on others. On the positive side, the state s 2014 GDP growth rate was 2.8%, the ninth-best among the states, and the state unemployment rate of 4.5% was much lower than average. On the negative side, job growth was slow, with a 0.6% year-over-year growth rate in nonfarm payroll jobs.29. WisconsinWisconsin s association with cheese and other dairy products is no accident: Some 17,000 Wisconsinites are employed in dairy product manufacturing, 13,000 in dairy cattle and milk production, and another 5,000 in dairy product wholesale.Wisconsin scored close to average on most of our metrics. The state s June 2015 unemployment rate of 4.6% was quite a bit lower than the national rate of 5.3%, housing prices went up 5.09% between Q1 2014 and Q1 2015, right in line with the national change of 4.96%, and the state s Q4 2013-Q4 2014 wage growth of 3.4% was about the same as the national growth rate of 3.5%.28. MontanaMontana is a big, wide-open state, and cattle ranching is a disproportionately large industry there. Montana s 3.9% unemployment rate was the eighth best among the states, but its average weekly wage of $794 was the fourth lowest.27. KentuckyKentucky is famous for its bourbon, its horse races, and its coal. All three are disproportionately big employers in the state: About 4,000 Kentuckians work in distilleries, 1,300 in horse ranching, and 11,000 in coal mining.Kentucky fell in the middle on most of our metrics. The state saw nonfarm payroll jobs rise by 2.2% between June 2014 and June 2015, close to the national rate of 2.1%. The state s average weekly wage was a bit lower than average, however, at just $836 compared to the national average of $1,035.26. North CarolinaNorth Carolina is home to 27 Fortune 1000 companies, including Duke Energy, Lowe s, and Bank of America.Job growth was healthy in the state, with a 2.4% increase in nonfarm payrolls between June 2014 and June 2015, slightly higher than the 2.1% national growth rate. The state s 2014 GDP per capita of $48,585 was a bit below the national level of $54,307.25. OhioOhio s industrial legacy lives on. About 31,000 Ohioans are employed in motor-vehicle parts manufacturing, with another 11,000 in motor-vehicle metal stamping.Ohio s 2014 2.1% GDP growth was just below the national growth rate of 2.2%, and the state s 5.2% unemployment rate was just below the national 5.3% rate.24. HawaiiHawaii is a gorgeous state, and tourism is a big part of the economy. Hotels employ about 38,000 residents of the state, with another 7,000 employed as tour operators and in sightseeing transportation.Hawaii s unemployment rate of 4.0% was below the national rate of 5.3%, but the state s housing market was more sluggish than average, with home prices rising just 1.53%, lower than the national growth rate of 4.96%.23. DelawareDelaware has an extremely generous corporate law, and over half of US companies are legally incorporated in the state.Delaware had a high 2014 GDP/capita, at $67,075, much higher than the national GDP per capita of $54,307. However, the state s year over year wage growth of just 1.5% was the lowest among the states.22. IowaAgricultural industries are a big part of Iowa s economy. Agricultural equipment manufacturing, starch, and vegetable oil manufacturing, and breakfast-cereal manufacturing are three of the most disproportionately large industries in the state.Iowa s 3.7% unemployment rate was the fifth lowest in the country. The state s 2014 GDP growth of just 0.4% was relatively anemic, however.21. South DakotaSouth Dakota s economy still relies heavily on agriculture. Grain farming and wholesale, livestock wholesale, and cattle production all employ South Dakotans at a higher rate than Americans as a whole.While South Dakota s June 2015 unemployment rate of 3.8% was the sixth lowest in the country, the Q4 2014 average weekly wage was just $791, third lowest among the states.20. TennesseeTennessee is home to 20 members of the Fortune 1000, including shipping giant FedEx, discount retailer Dollar General, and hospital conglomerate HCA.Tennessee scored about average on many of our metrics. The state s unemployment rate of 5.7% was a bit higher than the national 5.3% rate, and the average weekly wage in the state grew by 3.5% between Q4 2013 and Q4 2014, equal to the national growth rate.19. VermontCoffee-pod conglomerate Keurig Green Mountain was founded in Vermont, where it has its headquarters.Vermont s 3.6% unemployment rate was the fourth lowest in the country, but the state s 2014 GDP growth was rather sluggish at just 0.6%.18. GeorgiaTextiles are a disproportionately large part of Georgia s economy, with carpet and rug mills, fiber and yarn mills, and fabric mills all employing Georgians at a higher rate than other Americans.Georgia s GDP grew by 2.3% in 2014, slightly higher than the 2.2% national growth rate. The state s unemployment rate of 6.1% continues to be higher than that of most other states.17. Michigan Detroit still looms large in Michigan: About 46,000 residents of Michigan work in auto and light-truck manufacturing, with tens of thousands more in related industries like metal stamping for cars and power train manufacturing.Michigan s housing market has been improving, with home prices rising 6.4% between Q1 2014 and Q1 2015, somewhat faster than the national increase of 5.0%. The state s 2.2% growth in nonfarm payrolls between June 2014 and June 2015 was right in line with the US rate of 2.1%.16. MinnesotaMinnesota is the headquarters for 25 Fortune 1000 companies, including Target, Best Buy, 2M, and General Mills. All four of those are headquartered in the Minneapolis-St. Paul region.Minnesota s 3.9% unemployment rate was the eighth lowest among the states. The state s 2014 GDP per capita of $57,943 was a little higher than the national per-person economic activity of $54,307.15. IdahoMemory and computer-chip maker Micron Technologies   recently in the news after talk of a buyout by Chinese tech giant Tsinghua Unigroup that could draw the ire of US regulators   is based in Boise, Idaho.Idaho s labor market is looking good, with an unemployment rate of just 4.0% and a 2.6% increase in nonfarm payrolls between June 2014 and June 2015. However, the state s per capita GDP of $39,127 and average weekly wage of $782 were both the second lowest among the states.14. NebraskaAgriculture and meat production are big parts of Nebraska s economy. About 26,000 Nebraskans are employed in animal slaughtering and processing, with thousands more in grain farming, cattle ranching, and agricultural-tool manufacturing.Nebraska s unemployment rate of 2.6% was the lowest in the country in June 2015. The state s average wage rose an impressive 5.2% between Q4 2013 and Q4 2014. Despite that increase, the Q4 2014 average weekly wage was just $837, quite a bit lower than the national average of $1,035.13. WyomingOil and coal mining are a big part of Wyoming s economy. About 6,500 citizens of the state work in coal mining, 4,600 in oil and gas drilling, 4,000 in oil- and gas-pipeline construction, and 14,000 in mining-support activities.Wyoming s 2014 GDP growth rate of 5.1% and per capita GDP of $75,648 were both the third highest in the country. However, Wyoming was one of just two states to have fewer people working in the state in June 2015 than in June 2014, with the number of nonfarm payroll jobs in the state dropping by 0.7%.12. FloridaWith Disney World, Sea World, and Universal Studios all located in the Sunshine State, it s not surprising that about 69,000 Floridians are employed in the amusement and theme-park industry.Florida s housing market, one of the worst hit by the collapse of the 2000s housing bubble, has been recovering nicely. House prices went up by 8.7%, the third-fastest growth rate among the states. However, Florida is kept out of the top 10 states with its below average per capita GDP of $42,222.11. CaliforniaThe nation s largest state is home to 10% of the Fortune 1000, with 101 companies on the list having their headquarters in California. These include Silicon Valley giants like Apple, HP, Google, Intel, and Oracle, Disney, and Wells Fargo.While California s 2014 GDP growth of 2.8% was the ninth highest among the states and the house price increase of 7.5% was the fifth highest, the June unemployment rate of 6.3% was the ninth highest, hurting California s overall score.10. OregonAthletic-apparel and shoe giant Nike was founded in Oregon, where it still has its headquarters.Oregon s 3.2% increase in nonfarm payroll jobs between June 2014 and June 2015 was the fifth best in the country, and its 3.6% GDP growth in 2014 was the sixth best.9. New YorkBusiness Insider s Sarah Schmalbruch recently pointed out that New York City is the greatest city in the world, and so it s no surprise that the state economy that includes the financial capital of the US and arguably the world falls in the top 10.New York had the second-highest average weekly wage in the country, at $1,321. The state s GDP per capita of $71,128 was the fifth highest. However, the June unemployment rate of 5.5% remains just above the national rate of 5.3%.8. New HampshireThe industrial legacy of New England lives on in New Hampshire. About 7,300 residents work in electronic-instrument manufacturing, 5,000 in semiconductor and electronic-component manufacturing, and 3,700 in miscellaneous fabricated-metal product manufacturing.New Hampshire s 3.8% unemployment rate was the sixth lowest among the states, and its average weekly wage grew by a very impressive 6.3% from Q4 2013 to Q4 2014, the second highest rate in the country.7. UtahUtah is home to four Fortune 1000 companies, the largest of which is the Huntsman chemical corporation.Utah s job market is booming. The number of nonfarm payrolls in the state grew by 4.3%, the fastest growth rate in the country. Meanwhile, Utah s 3.5% unemployment rate was the third lowest.6. MassachusettsWith its several colleges and universities providing a highly educated workforce, Massachusetts is a major hub of finance and high tech. Big companies like insurer Liberty Mutual, retail giant T.J. Maxx, and defense contractor Raytheon all have their headquarters in the state.Massachusetts  2014 per capita GDP of $68,185 was the seventh best among the states, and the state had the third highest Q4 2014 average weekly wage, at $1,315.5. WashingtonTen Fortune 500 companies are based in Washington, including discount retail giant Costco, ubiquitous coffee chain Starbucks, and huge tech companies Amazon and Microsoft.Washington s housing market is doing quite well: House prices rose 7.6% between Q1 2014 and Q1 2015, the fourth-highest growth rate among the states. The state s 3.5% increase in nonfarm payrolls between June 2014 and June 2015 was the third best in the country.4. TexasWhile Texas has a very diverse economy, and despite turbulence in prices in the last year, oil remains a big part of the Texas story. About 103,000 Texans are employed in the oil-and-gas-extraction industry, and tens of thousands more are in related industries, like pipeline construction, mining support activities, and petrochemical manufacturing.Texas performed very well on all seven of our measures, ranking no worse than 13th in each. Particularly impressive were the state s second best in the country 2014 GDP growth rate of 5.2% and sixth best housing price increase of 6.5%.3. District of ColumbiaUnsurprisingly, the federal government is the dominant factor in the economy of the nation s capital. About 31% of workers are employed by the federal and local governments in the district.DC is quite different from the states, and it had some extreme scores on our measures. Washington came up as high in the ranking as it did because of its absolutely stunning per capita GDP of $175,253   over three times the US per capita GDP of $54,307. Also greatly helping DC s standing was its equally impressive average weekly wage of $1,696, about $375 higher than second-place New York.On the downside, the district s 7.0% unemployment rate was the second highest in the country, and housing prices fell 0.8% between Q1 2014 and Q1 2015, a situation that happened in only two states.2. ColoradoDish Network, Western Union, and Chipotle are three of the 23 Fortune 1000 companies headquartered in Colorado.Colorado s housing market had the most improvement in the country, with house prices rising 11.2% between Q1 2014 and Q1 2015. The state s 2014 GDP growth rate of 4.7% was also very strong, and was the fifth best among the states.1. North DakotaNorth Dakota had the strongest economy in the country. The state s economy has seen a major boon from the rise of oil fracking in the last few years, and despite chaos in oil prices recently, North Dakota s economy remains robust.North Dakota s 3.1% unemployment rate was the second lowest in the country. The state also had both the highest 2014 GDP growth rate of 6.3% and the highest average wage growth rate of a whopping 7.1%.Via: Business Insider Government News
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: how does your state s economy rank washington dc ranking and state may surprise youthanks obama promise shut coal industry west virginia comes it also interesting note washington dc ranks nations best economies insider ranked economies states dc seven measures unemployment rates gross domestic product per capita average weekly wages recent growth rates payroll jobs gdp house prices factor ranking also looked fortune companies headquarters state industries disproportionately important state this helped us get little insight makes state economy details methodology sources click mississippimississippi came last ranking state economies chicken soybean cotton rice farming among state disproportionately large lowest gdp per capita states lowest weekly wage the rate measures changing also weak mississippi gdp growth rate state gdp shrinking the average weekly wage grew west virginiawest virginia one two states fewer people working june june drop confirm payroll year the appalachian state also one three states housing prices dropped biggest drop state housing price index falling one bright spot gdp grew higher national rate alabamaalabama per capita gdp far lower us per capita gdp gdp growth also slower states increasing alabama housing market remains lackluster housing prices rising new mexiconew mexico large mining sector about new mexican employed support activities mining the state home research institutions like university new mexico los almost national laboratory also disproportionately large number people employed science private sector physics engineering mexico june unemployment rate bit higher national rate housing market sluggish home prices rising one bright spot wage growth weekly average wage state jumping missourimissouri home fortune companies including emerson electric agricultural giant monsanto o really automotive low rate employment growth confirm payroll growing june june the state slightly average metrics like june unemployment rate higher national rate maineshipbuilding maintenance jobs disproportionately common maine home portsmouth naval shipyard one four main shipyards used us navy the federal government employs workers saw low gdp growth maine housing market also slow seeing increase housing prices maine average weekly wage also bit lower national average arkansaswhile home corporate giants like walmart sits top fortune list conglomerate tyson foods arkansas economy overall weaker per capita gdp well us gdp per capita similarly state average weekly wage quite bit lower us average wage per week however state wage situation improving wages rose fifth highest rate among new jersey the garden state home headquarters several large corporations including johnson johnson credential financial mercy honeywell international although atlantic city seen better times new jerseys employed casino hotels three times national rate employment jersey rather extreme scores measures while new jersey gdp per capita average weekly wage among highest country growth rates two measures far weaker gdp grew wages rose much lower change kansaskansas economy huge agriculture aerospace sectors among disproportionately common jobs kansas livestock wholesale cattle ranchers turkey producers airplane year wage growth somewhat weaker national rate job growth also average confirm payroll growing june june despite slow change employment kansas june unemployment rate quite bit lower national virginiawith proximity nation capital several key military installations surprising government military activities play disproportionately large role virginia economy about virginiana employed shipbuilding industry employed federal government heavy government defense presence also shows virginia fortune companies among big companies headquartered virginia freddie mac defense contractors general dynamics northrop job growth mediocre gdp growth weaker states confirm payroll jobs increased june june state gdp flat growing a positive measure virginia state average weekly wage national average illinoisseveral iconic companies call illinois home like airplane builder boeing pharmacy giant walgreens insurance companies state farm allocate troubled burger sellers mcdonald illinois weekly average wage better states wage growth slower wages rising arizonaanchored metropolis phoenix arizona diverse economy among disproportionately large industries mining professional organizations financial processing electronics housing market recovering well housing prices rising bit faster national change however state gdp per capita somewhat lower areas lower us per capita gdp louisianashipping services sugar farming processing petroleum refining processing three disproportionately large industries june unemployment rate higher states the state also average job growth rate confirm payroll increasing june june alaskamining fishing seafood processing among disproportionately large employers alaska gdp per capita second highest country state gdp one two lower drop economic activity year the state unemployment rate fourth highest among marylandlike virginia maryland proximity washington means huge federal presence state industries maryland federal government maryland average weekly wage gdp per capita quite high state one three see house prices drop house price index dropping this housing market weakness along meddling scores metrics kept state rising higher pennsylvaniapennsylvania home several storied us corporations like us steel comcast rite aid jersey this heritage shows industries employ disproportionately large number workers state pennsylvania work iron steel mills chocolate candy pretty middle road metrics the state june unemployment rate national rate average weekly wage close national average wage south carolinasouth carolina disproportionately large manufacturing sector various types fabric textile manufacturing tire manufacturing fabricated metal product manufacturing employ higher proportion south carolinians americans south carolina housing market strengthening increase housing prices state unemployment rate sixth highest among states per capita gdp third indianamanufacturing still big part indiana economy about dossiers employed motor vehicle power train manufacturing another auto body manufacturing iron steel mixed bag measures gdp growth sluggish on hand average weekly wages grew bit higher national rate rhode islandrhode island coastal location shows economy private marina shipbuilder among disproportionately large employers island unemployment rate dropped quite bit recent years june still national rate rhode island job creation middle road confirm payroll growing june june on brighter note rate year year wage growth fifth highest among connecticutgeneral electric no fortune calls connecticut home health insurance giants meta sign not surprisingly aerospace manufacture insurance financial activities among disproportionately large employers constitution connecticut gdp per capita sixth best country average weekly wage fourth best state house price growth fourth nevadathe home las vegas naturally outside gaming sector about nevada employed casino hotels another employed casinos gambling found middle states extreme scores rankings on positive side state rate job growth among states confirm payroll growing june june the state housing market recovering nicely slammed especially hard collapse housing bubble housing prices rising jump negative side nevada unemployment rate third highest country state average weekly wage grew growth rate among oklahomathe oil industry plays outside role oklahoma economy about people work industry another support activities nevada oklahoma scored well metrics poorly others on positive side state gdp growth rate among states state unemployment rate much lower average on negative side job growth slow growth rate confirm payroll wisconsinwisconsin association cheese dairy products accident some wisconsinites employed dairy product manufacturing dairy cattle milk production another dairy product scored close average metrics the state june unemployment rate quite bit lower national rate housing prices went right line national change state wage growth national growth rate montanamontana big state cattle ranching disproportionately large industry montana unemployment rate eighth best among states average weekly wage fourth kentuckykentucky famous bourbon horse races coal all three disproportionately big employers state about kentuckians work distilleries horse ranching coal fell middle metrics the state saw confirm payroll jobs rise june june close national rate the state average weekly wage bit lower average however compared national average north carolinanorth carolina home fortune companies including duke energy lowe bank growth healthy state increase confirm payroll june june slightly higher national growth rate the state gdp per capita bit national level ohioohio industrial legacy lives about onions employed parts manufacturing another metal gdp growth national growth rate state unemployment rate national hawaiihawaii gorgeous state tourism big part economy hotels employ residents state another employed tour operators sightseeing unemployment rate national rate state housing market sluggish average home prices rising lower national growth rate delawaredelaware extremely generous corporate law half us companies legally incorporated high much higher national gdp per capita however state year year wage growth lowest among iowaagricultural industries big part iowa economy agricultural equipment manufacturing starch vegetable oil manufacturing manufacturing three disproportionately large industries unemployment rate fifth lowest country the state gdp growth relatively anemia south dakotasouth dakota economy still relies heavily agriculture grain farming wholesale livestock wholesale cattle production employ south dakota higher rate americans south dakota june unemployment rate sixth lowest country average weekly wage third lowest among tennesseetennessee home members fortune including shipping giant index discount retailer dollar general hospital conglomerate scored average many metrics the state unemployment rate bit higher national rate average weekly wage state grew equal national growth conglomerate keirin green mountain founded vermont unemployment rate fourth lowest country state gdp growth rather sluggish georgiatextiles disproportionately large part georgia economy carpet rug mills fiber yarn mills fabric mills employing georgia higher rate gdp grew slightly higher national growth rate the state unemployment rate continues higher michigan detroit still looms large michigan about residents michigan work auto manufacturing tens thousands related industries like metal stamping cars power train housing market improving home prices rising somewhat faster national increase the state growth confirm payroll june june right line us rate minnesotaminnesota headquarters fortune companies including target best buy general mills all four headquartered paul unemployment rate eighth lowest among states the state gdp per capita little higher national economic activity idahomemory maker micro technologies recently news talk buyout chinese tech giant tsinghua unigroup could draw ire us regulators based noise labor market looking good unemployment rate increase confirm payroll june june however state per capita gdp average weekly wage second lowest among nebraskaagriculture meat production big parts nebraska economy about nebraska employed animal slaughtering processing thousands grain farming cattle ranching unemployment rate lowest country june the state average wage rose impressive despite increase average weekly wage quite bit lower national average wyomingoil coal mining big part wyoming economy about citizens state work coal mining oil gas drilling construction gdp growth rate per capita gdp third highest country however wyoming one two states fewer people working state june june number confirm payroll jobs state dropping floridawith disney world sea world universal studios located sunshine state surprising floridians employed amusement housing market one worst hit collapse housing bubble recovering nicely house prices went growth rate among states however florida kept top states average per capita gdp californiathe nation largest state home fortune companies list headquarters california these include silicon valley giants like apple hp google intel oracle disney wells california gdp growth ninth highest among states house price increase fifth highest june unemployment rate ninth highest hurting california overall shoe giant nike founded oregon still increase confirm payroll jobs june june fifth best country gdp growth sixth new yorkbusiness insider sarah schmalbruch recently pointed new york city greatest city world surprise state economy includes financial capital us arguably world falls top york average weekly wage country the state gdp per capita fifth highest however june unemployment rate remains national rate new hampshirethe industrial legacy new england lives new hampshire about residents work manufacturing semiconductor manufacturing miscellaneous product hampshire unemployment rate sixth lowest among states average weekly wage grew impressive second highest rate utahutah home four fortune companies largest huntsman chemical job market booming the number confirm payroll state grew fastest growth rate country meanwhile utah unemployment rate third massachusettswith several colleges universities providing highly educated workforce massachusetts major hub finance high tech big companies like insurer liberty mutual retail giant max defense contractor pantheon headquarters per capita gdp seventh best among states state third highest average weekly wage washingtonten fortune companies based washington including discount retail giant cost ubiquitous coffee chain starbucks huge tech companies amazon housing market quite well house prices rose growth rate among states the state increase confirm payroll june june third best texaswhile texas diverse economy despite turbulence prices last year oil remains big part texas story about texans employed industry tens thousands related industries like pipeline construction mining support activities petrochemical performed well seven measures ranking worse particularly impressive state second best country gdp growth rate sixth best housing price increase district columbiaunsurprisingly federal government dominant factor economy nation capital about workers employed federal local governments quite different states extreme scores measures washington came high ranking absolutely stunning per capita gdp three times us per capita gdp also greatly helping dc standing equally impressive average weekly wage higher new downside district unemployment rate second highest country housing prices fell situation happened two coloradodish network western union chipotle three fortune companies headquartered housing market improvement country house prices rising the state gdp growth rate also strong fifth best among north dakotanorth dakota strongest economy country the state economy seen major boon rise oil fracking last years despite chaos oil prices recently north dakota economy remains dakota unemployment rate second lowest country the state also highest gdp growth rate highest average wage growth rate shopping business insider government news