BusinessBrief.com » The worst and best states for business

The worst and best states for business

April 6, 2011 by Jim Giuliano
Posted in: economy, New Research, Special Report


solid-gold-profit

The Associated Press just completed its monthly analysis of states that are “stressed” and those that are on the rise.

The figures are compiled by tracking bankruptcies, foreclosures, unemployment and other economic indicators, and assigning a “stress” score. Any score above an 11 is considered stressed.

First, the bad news. The five states that came out the worst in the scoring were:

  • Nevada, 21.41
  • California, 16.72
  • Florida, 16.36
  • Arizona, 15.27
  • Michigan, 14.86

The best states:

  • North Dakota, 5.24
  • Nebraska, 5.85
  • South Dakota, 6.19
  • Vermont, 6.87
  • New Hampshire, 7.77

Most-recent month-to-month stress levels declined in 34 states and in more than two-thirds of the nation’s 3,141 counties. Year-to-year, unemployment was lower in nearly three-quarters of counties, and bankruptcies and foreclosures declined in nearly half of the counties. Places with lower stress levels in the past 12 months tend to have heavy concentrations of workers in manufacturing, technical, professional and retail jobs. Places with higher stress levels have many people employed in construction, utilities and real estate.

Go here to see the AP’s interactive county-by-county stress-score map.

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