With a June jobless rate of 14.6% and a five-year annualized employment growth rate of -2% the Illinois economy finished sixth worst among all 50 states in a new ranking by 24/7 Wall St.
The state’s annualized gross domestic product growth through the first quarter of this year stood at 1% while its poverty rate came in at 12.1%, the financial news website reported.
In ranking the health of state economies during the COVID-19 pandemic, 24/7 Wall St. looked at four metrics: the five-year GDP growth, employment statistics, the jobless rate and the poverty rate. The data originate from the U.S. Census Bureau, Bureau of Labor Statistics and Bureau of Economic Analysis.
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State Economy Rankings During COVID-19 Era
| Rank | State | 5-year Annualized GDP Growth Rate Through Q1 2020 | 5-year Annualized Employment Growth Rate Through June 2020 | June 2020 Jobless Rate | Poverty Rate |
| 1 | Utah | 3.4% | 2.4% | 5.1% | 9.0% |
| 2 | Idaho | 2.8% | 2.0% | 5.6% | 11.8% |
| 3 | Washington | 3.9% | 1.3% | 9.8% | 10.3% |
| 4 | Colorado | 2.9% | 0.9% | 10.5% | 9.6% |
| 5 | Maryland | 1.6% | -0.3% | 8.0% | 9.0% |
| 6 | Arizona | 3.0% | 1.2% | 10.0% | 14.0% |
| 7 | Nebraska | 1.2% | 0.2% | 6.7% | 11.0% |
| 8 | Oregon | 3.2% | 0.5% | 11.2% | 12.6% |
| 9 | Minnesota | 1.5% | -0.3% | 8.6% | 9.6% |
| 10 | Georgia | 2.5% | 0.3% | 7.6% | 14.3% |
| 11 | Maine | 1.7% | -0.9% | 6.6% | 11.6% |
| 12 | Virginia | 1.5% | -0.4% | 8.4% | 10.7% |
| 13 | South Carolina | 2.6% | 0.8% | 8.7% | 15.3% |
| 14 | Kansas | 1.6% | -0.8% | 7.5% | 12.0% |
| 15 | Texas | 2.4% | 0.2% | 8.6% | 14.9% |
| 16 | New Hampshire | 2.0% | -1.8% | 11.8% | 7.6% |
| 17 | Montana | 0.9% | 0.1% | 7.1% | 13.0% |
| 18 | South Dakota | 1.0% | -0.1% | 7.2% | 13.1% |
| 19 | Florida | 2.8% | -0.7% | 10.4% | 13.6% |
| 20 | North Carolina | 1.6% | -0.3% | 7.6% | 14.0% |
| 21 | Wisconsin | 1.2% | -1.0% | 8.5% | 11.0% |
| 22 | Kentucky | 0.9% | -0.4% | 4.3% | 16.9% |
| 23 | Vermont | 1.1% | -1.4% | 9.4% | 11.0% |
| 24 | Tennessee | 2.0% | -0.1% | 9.7% | 15.3% |
| 25 | Missouri | 0.9% | -1.0% | 7.9% | 13.2% |
| 26 | Alabama | 1.5% | 0.0% | 7.5% | 16.8% |
| 27 | Iowa | 0.5% | -1.6% | 8.0% | 11.2% |
| 28 | Connecticut | 0.4% | -1.1% | 9.8% | 10.4% |
| 29 | Nevada | 2.8% | -0.6% | 15.0% | 12.9% |
| 30 | North Dakota | -1.2% | -1.4% | 6.1% | 10.7% |
| 31 | Wyoming | -0.6% | -1.2% | 7.6% | 11.1% |
| 32 | Indiana | 1.1% | -0.6% | 11.2% | 13.1% |
| 33 | California | 3.0% | -1.8% | 14.9% | 12.8% |
| 34 | Oklahoma | 0.4% | -1.2% | 6.6% | 15.6% |
| 35 | Ohio | 1.1% | -1.0% | 10.9% | 13.9% |
| 36 | Arkansas | 1.1% | -0.9% | 8.0% | 17.2% |
| 37 | Pennsylvania | 1.3% | -1.9% | 13.0% | 12.2% |
| 38 | New Mexico | 1.3% | -0.7% | 8.3% | 19.5% |
| 39 | Massachusetts | 2.0% | -2.3% | 17.4% | 10.0% |
| 40 | Hawaii | 1.5% | -4.1% | 13.9% | 8.8% |
| 41 | Rhode Island | 0.7% | -1.6% | 12.4% | 12.9% |
| 42 | New Jersey | 0.9% | -2.2% | 16.6% | 9.5% |
| 43 | Michigan | 1.4% | -1.3% | 14.8% | 14.1% |
| 44 | Alaska | 0.0% | -2.4% | 12.4% | 10.9% |
| 45 | Illinois | 1.0% | -2.0% | 14.6% | 12.1% |
| 46 | Delaware | -1.0% | -0.7% | 12.5% | 12.5% |
| 47 | West Virginia | 0.4% | -1.2% | 10.4% | 17.8% |
| 48 | Mississippi | 0.8% | -1.7% | 8.7% | 19.7% |
| 49 | New York | 1.0% | -2.7% | 15.7% | 13.6% |
| 50 | Louisiana | 0.2% | -2.3% | 9.7% | 18.7% |
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