Saturday, August 8, 2015

We're Number 27: KY Almost Cracks the Top Half for Economic Strength

Coal's fading fast and renewables are growing, which is why we're no longer languishing at the bottom with Mississippi and Kansas.

But that will all change when Matt "Sam Brownback is a genius" Bevin gets elected governor in three months.

We 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 nonfarm payroll jobs, GDP, house prices, and wages.

27. Kentucky

Kentucky 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.
Dear Business Insider:  It's horsing farming, not horse ranching. East of the Mississippi they are horse farms. Not ranches.

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