Report: Colorado has the best economy in the US

DENVER – With low unemployment and robust economic growth, Colorado has the strongest economy in the United States.

That’s according to financial news website 24/7 Wall St., which ranked all 50 states by looking at unemployment rates, gross domestic product (GDP) and other factors.

One of the biggest factors in Colorado’s ranking is its extremely low unemployment rate – the lowest in the nation at 2.3 percent.

Other factors include the state’s $292.51 billion GDP (18th largest in the country), the five-year annual GDP growth rate of 3 percent (tied for 4th) and five-year annual employment growth of 2.9 percent (3rd fastest).

Nearby Utah, which has the fastest employment growth in the country, landed in second place on the list.

The top 10 states, according to 24/7 Wall St. are:

1. Colorado
2. Utah
3. North Dakota
4. New Hampshire
5. Massachusetts
6. Washington
7. Hawaii
8. Minnesota
9. California
10. Maryland

Log on to 247wallst.com for the full list.

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