State ranked No. 9 in U.S. for recent economic performance
Louisiana placed ninth among the 50 states on an Index of State Economic Momentum, which ranks states on their most recent performance on three key measures of economic vitality: personal income growth, employment growth and population growth, The Times-Picayune reports. The index is compiled by the Federal Funds Information for States, a nonpartisan subscription service created by the National Governors Association and the National Conference of State Legislatures—which tracks and reports on the fiscal impact of federal budget and policy decisions on state budgets and programs. FFIS is the same group that recently issued its annual Camelot Index, comparing how the 50 states rate on measures of economic vitality, education, health, crime and governance. Louisiana ranked dead last on that list. But the new rating indicates that even if Louisiana is not Camelot, it's nonetheless outpacing most other states on income and jobs growth. On personal income growth, Louisiana ranked 13th, with 4.73% growth from the last quarter of 2010 to the last quarter of 2011, surpassing the national growth rate of 4.6%. Louisiana's 2.2% employment growth between February 2011 and February 2012 placed it sixth in the nation. Louisiana's weakest performance was on population growth, where it ranked 26th, right in the middle among all states. It's 0.6% population growth between July 2010 and July 2011 was just below the national population growth rate of 0.7%. The top 10 states on the overall index, in addition to Louisiana, were North Dakota, Texas, Oklahoma, Utah, Colorado, Iowa, Washington, Tennessee and Wyoming. Read the full story here.
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