Most of High Plains Sees Recent Economic Growth

Feb 15, 2016

Credit www.philadelphiafed.org

Most US states enjoyed a strong economic finish to 2015, reports The Rural Blog. Among High Plains states, Kansas and Colorado experienced particularly robust growth of over one percent. In fact, these states had some of the fastest growth in the nation. Nebraska’s economy fell just short of the strong expansion in Kansas and Colorado, and Texas also experienced growth. Oklahoma’s economy remained unchanged.

Of the 50 states, 41 saw their economies expand. Seven states did a little worse than everyone else: North Dakota, Wyoming, Wisconsin, Illinois, Mississippi, Louisiana and Alaska. In these states the economy is shrinking, largely due to collapsing oil markets. The state coincident index measures things like employment, hours worked and unemployment rate to estimate economic over the past three months.