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Report ranks N.Y. 19th for its economy

New York ranks 19th for its economy, a new study from WalletHub shows.

WalletHub’s analysts compared the 50 states and District of Columbia across 27 key indicators of economic performance and strength to determine America’s top economic performers.

The state of Washington ranked first, while West Virginia ranked last.

New York’s economic activity rank was seventh. Its economic health rank was 44th. The state’s innovation potential rank was 18th.

New York ranked 39th for GDP growth and 24th for both its unemployment rate and change in nonfarm payrolls from 2015 to 2016. The state’s startup activity rank was 10th, while its percentage of jobs in high-tech industries rank was 26th.

WalletHub noted California recently became the sixth-largest economy in the world, while Illinois was expected to have no budget for the third consecutive year.

Follow Velvet Spicer on Twitter: @Velvet_Spicer

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email [email protected].

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