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WalletHub Study: California has the 3rd best state economy

With certain state economies hurt more than others during the COVID-19 pandemic, such as Hawaii, which has a 9% unemployment rate, the personal-finance website WalletHub released its report on 2021’s Best & Worst State Economies, as well as accompanying videos.

In order to determine America’s top economic performers, WalletHub compared the 50 states and the District of Columbia across 29 key indicators of economic performance and strength. The data set ranges from change in GDP to startup activity to the share of jobs in high-tech industries.

Economic Performance of California (1=Best; 25=Avg.):

  • 16th – Change in GDP
  • 19th – Exports per Capita
  • 6th – Startup Activity
  • 5th – % of Jobs in High-Tech Industries
  • 9th – Government Surplus/Deficit per Capita
  • 27th – WalletHub’s States that are Recovering the Quickest from COVID-19 Rank

For the full report, please visit: https://wallethub.com/edu/states-with-the-best-economies/21697

This article was released by WalletHub.