Study says Arkansas has the 6th worst state economy

Amazon is raising its minimum wage to $15 an hour. (Source: Raycom Media)
Amazon is raising its minimum wage to $15 an hour. (Source: Raycom Media)(Source: Gray News)
Updated: Jun. 3, 2019 at 7:50 AM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

JONESBORO, Ark. (KAIT) - A lack of high-tech jobs across Arkansas contributed to the state being ranked as having the 6th worst economy in the nation.

According to WalletHub’s 2019 Best & Worst State Economies study, Arkansas ranked poorly in GDP growth, exports per capita, annual median household income, and unemployment rate.

Source: WalletHub

WalletHub broke the ranking down into 3 parts.

The Natural State ranked 43rd for economic activity, 32nd for economic health, and 50th for innovation potential.

A lack of jobs in high-tech industries led to Arkansas being ranked second to last in innovation potential.

However, the state ranked well when it came to government surplus per capita.

Here's a look at the worst state economies in the U.S.

  1. Alaska
  2. Louisiana
  3. Mississippi
  4. Hawaii
  5. West Virginia
  6. Arkansas
  7. Kentucky
  8. Wyoming
  9. Rhode Island
  10. Maine

Missouri ranked 24th overall, or just above average.

The Show Me State ranked 21st in innovation potential, with average rankings in economic activity and health.

Copyright 2019 KAIT. All rights reserved.