- GDP growth from Q4 2018 to Q1 2019: 3.9%
- Average month-over-month growth: 4.1%
More From GOBankingRates
Methodology: GOBankingRates determined the economic performance of all 50 states by analyzing them along the following criteria: (1) GDP growth from the fourth quarter of 2018 to the first quarter of 2019 (Q1 2019 is the most recent GDP data that the Bureau of Economic Analysis has available; (2) average month-to-month GDP growth from the fourth quarter of 2017 through the first quarter of 2019, sourced from the BEA; (3) monthly labor force participation rate from January to July 2019, which was then averaged for a 2019 figure, sourced from the Bureau of Labor Statistics; (4) month-to-month change in labor force participation rate, which was then averaged for a 2019 average figure, sourced from the BLS; (5) monthly unemployment rate from January to July 2019, which was then averaged for a 2019 figure, sourced from the BLS; (6) month-to-month change in unemployment rate, which was then averaged for a 2019 figure, sourced from the BLS; (7) monthly labor force participation rate from January to December 2018, which was then averaged for a 2018 figure, sourced from the BLS; (8) month-to-month change in labor force participation rate, which was then averaged for a 2018 figure, sourced from the BLS; (9) monthly unemployment rate from January to December 2018, which was then averaged for a 2018 figure, sourced from the BLS; (10) month-to-month change in unemployment rate, which was then averaged for a 2018 figure, sourced from the BLS; (11) change in the average labor force participation rate from 2018 to 2019; and (12) unemployment rate change from 2018-2019. GDP growth was weighted double. All data used to conduct this ranking was compiled and verified on Sept. 6, 2019.
