{"id":253,"date":"2018-08-30T16:10:55","date_gmt":"2018-08-30T16:10:55","guid":{"rendered":"https:\/\/latcheldev.wpengine.com\/blog\/10-us-states-with-the-worst-economy\/"},"modified":"2019-07-26T10:58:32","modified_gmt":"2019-07-26T17:58:32","slug":"10-us-states-with-the-worst-economy","status":"publish","type":"post","link":"https:\/\/latchel.ticksites.com\/wp2\/10-us-states-with-the-worst-economy\/","title":{"rendered":"10 US States with the Worst Economy"},"content":{"rendered":"<p>We posted about the <a href=\"\/blog\">10 US States with the best economies<\/a>, but what about the states that came in last in the rankings. We&#8217;re giving them some love too. If you&#8217;re interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we&#8217;ve rank the 10 worst performing economies starting with the most struggling and sluggish economy.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/08\/virginia_road.jpg\" alt=\"\" \/><\/p>\n<h2>1. West Virginia<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.5% (4th smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$67.8 billion (11th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a05.3% (2nd highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0-0.4% (2nd largest decrease)<\/li>\n<\/ul>\n<p>It should be noted here that West Virginia&#8217;s population is shrinking which would put strain on any economy.<\/p>\n<h2>2. Alaska<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0-2.2% (the largest decrease)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$47.1 billion (5th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a07.1% (the highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0-0.3% (3rd largest decrease)<\/li>\n<\/ul>\n<p>The massive decrease in oil prices has been hard hitting on the Alaskan economy, a state dependent on their oil field production.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/08\/oildrill.jpg\" alt=\"\" \/><\/p>\n<h2>3. Louisiana<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0-0.1% (3rd largest decrease)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$207.9 billion (25th largest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a04.7% (tied &#8212; 4th highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.4% (2nd smallest increase)<\/li>\n<\/ul>\n<p>Louisiana is another resourced based economy that was hit by declining oil prices in 2014-2016.<\/p>\n<h2>4. Mississippi<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.3% (2nd smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$96.8 billion (15th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a04.7% (tied &#8212; 4th highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.7% (11th smallest increase)<\/li>\n<\/ul>\n<p>Mississippi has the lowest median household income and highest poverty rate of any other state.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/08\/mississippi_river.jpg\" alt=\"\" \/><\/p>\n<h2>5. New Mexico<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.7% (6th smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$86.9 billion (14th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a04.9% (3rd highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.5% (6th smallest increase)<\/li>\n<\/ul>\n<p>Nearly 1 in 4 New Mexico residents lives in poverty. It is a striking number, but it is only the 3rd poorest state in the US.<\/p>\n<h2>6. Kentucky<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.8% (11th smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$174.9 billion (22nd smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a04.2% (tied &#8212; 18th highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+1.0% (20th smallest increase)<\/li>\n<\/ul>\n<h2>7. Alabama<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.7% (8th smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$182.8 billion (24th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a04.1% (tied &#8212; 21st highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.9% (17th smallest increase)<\/li>\n<\/ul>\n<h2>8. Arkansas<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+1.1% (18th smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$110.3 billion (17th smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a03.8% (tied &#8212; 21st lowest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.9% (14th smallest increase)<\/li>\n<\/ul>\n<h2>9. Wyoming<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+0.2% (the smallest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$35.4 billion (2nd smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a03.7% (20th lowest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0-0.6% (the largest decrease)<\/li>\n<\/ul>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/08\/okc.jpg\" alt=\"\" \/><\/p>\n<h2>10. Oklahoma<\/h2>\n<ul>\n<li><strong>5 yr. GDP annual growth rate:<\/strong>\u00a0+1.5% (22nd largest increase)<\/li>\n<li><strong>2017 GDP:<\/strong>\u00a0$175.1 billion (23rd smallest)<\/li>\n<li><strong>June 2018 Unemployment:<\/strong>\u00a03.9% (tied &#8212; 25th highest)<\/li>\n<li><strong>5 yr. annual employment growth:<\/strong>\u00a0+0.5% (4th smallest increase)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p style=\"white-space: pre-wrap;\">We posted about the <a href=\"\/blog\">10 US States with the best economies<\/a>, but what about the states that came in last in the rankings. We&#8217;re giving them some love too. If you&#8217;re interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we&#8217;ve rank the 10 worst performing economies starting with the most struggling and sluggish economy.<\/p>\n","protected":false},"author":5,"featured_media":258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[195,190,196,151,194,191,192,193,198,130,189,188,197],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 US States with the Worst Economy | Latchel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latchel.ticksites.com\/wp2\/10-us-states-with-the-worst-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 US States with the Worst Economy | Latchel\" \/>\n<meta property=\"og:description\" content=\"We posted about the 10 US States with the best economies, but what about the states that came in last in the rankings. We&#039;re giving them some love too. If you&#039;re interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we&#039;ve rank the 10 worst performing economies starting with the most struggling and sluggish economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latchel.ticksites.com\/wp2\/10-us-states-with-the-worst-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Latchel\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/latchel\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-30T16:10:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-26T17:58:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/08\/robert-penaloza-315746-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2500\" \/>\n\t<meta property=\"og:image:height\" content=\"3750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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