In “tell us something we don’t know” news, a report released by WalletHub described Illinois’ economy as “currently in a fiscal free fall.”
In its ranking of states’ economies across the country, Illinois came in firmly in the middle of the pack at No. 29. The report says that states can be either busts or booms and, much to our dismay, uses Illinois as an example of a bust (curse you, California, the state used as a “boom” example).
Broken down into “economic activity,” “economic health” and “innovation potential,” Illinois ranked 21st, 40th and 25th, respectively. So while it could be worse, it could definitely be better.
WalletHub also notes that Illinois has the highest unemployment rate in the Midwest and is tied for the second-highest unemployment rate out of all states.
To determine these numbers, WalletHub analyzed each state’s economy on a scale of 100 points, 40 each determined by economic health and economic activity and 20 for innovation potential.
Utah, Washington and California were ranked the three most successful economies while West Virginia, Arkansas and Mississippi were at the opposite end.
So, here’s to having a long way to go, but not being as bad as other states.
@shelbielbostedt | [email protected]
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