Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last.
The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011.
The ALEC report also finds that Utah has the best economic outlook this year, and Vermont the worst.
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In fact, of the 10 states that had the best economic performance over the past decade, all but two â Nevada and Washington â are solid red states, based on the past four presidential elections. Other top economic performers include Utah, Wyoming, North Dakota, Idaho and Arizona.
At the other end of the spectrum, all but two of the worst-performing states are solidly blue. In addition to Michigan, bottom-dwelling states include New Jersey, Illinois, Connecticut and Massachusetts. The only non-blue states in the bottom 10 were Ohio and Missouri.
"States with lower taxes and less regulation outperform those that pursue Keynesian-style public policies," said study co-author Jonathan Williams, who is director of ALEC's Center for State Fiscal Reform. "And people are voting with their feet in favor of these states."
In addition, of the 10 states expected to do best economically this year, only two â Virginia and Florida â aren't solidly Republican.
And of the 10 states expected to fare worst, all but one â Montana â are solid blue states.
More
http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm
The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011.
The ALEC report also finds that Utah has the best economic outlook this year, and Vermont the worst.
...
In fact, of the 10 states that had the best economic performance over the past decade, all but two â Nevada and Washington â are solid red states, based on the past four presidential elections. Other top economic performers include Utah, Wyoming, North Dakota, Idaho and Arizona.
At the other end of the spectrum, all but two of the worst-performing states are solidly blue. In addition to Michigan, bottom-dwelling states include New Jersey, Illinois, Connecticut and Massachusetts. The only non-blue states in the bottom 10 were Ohio and Missouri.
"States with lower taxes and less regulation outperform those that pursue Keynesian-style public policies," said study co-author Jonathan Williams, who is director of ALEC's Center for State Fiscal Reform. "And people are voting with their feet in favor of these states."
In addition, of the 10 states expected to do best economically this year, only two â Virginia and Florida â aren't solidly Republican.
And of the 10 states expected to fare worst, all but one â Montana â are solid blue states.
More
http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm
