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Red States Lead the Country’s Economic Growth
According to a new report from the Department of Commerce, Red states lead the US in terms of economic growth. Specifically, South Dakota, Texas, and Utah are the frontrunners as the country attempts to recover from the pandemic. The findings come from 2020 fourth-quarter gross domestic product (GDP) data and February 2021 unemployment rates data.
RELATED: Weekly Jobless Claims Falls To Lowest Level In a Year
All 50 states and the District of Columbia reported increases in real GDP in the fourth quarter of 2020. Meanwhile, real GDP for the US as a whole climbed to 4.3%. State increases range from a high of more than double growth in South Dakota (9.9%) to a low of 1.2% in the District of Columbia.
Red States Lead Economic Growth
South Dakota led all 50 states with a quarter-over-quarter growth rate of 9.9%. Next is Texas (7.5%), and rounding out third is Utah (7.1%). Real GDP for the entire US increased at an annual rate of 4.3%. The percent change in real GDP in the fourth quarter ranged from 9.9% in South Dakota to 1.2% in the District of Columbia. Notably, the top three states belong to Republication stewardship. Apart from a Republican Governor, their state legislatures feature Republican majorities. Specifically, the GOP dominates both the state senate and the state assembly.
Out of the top ten states, only Connecticut (fourth at 7%) and Delaware (tied at eighth with 5.8%) were Democrats. The remaining states are all Republican territory. This includes Tennessee (fifth at 6.7%), Iowa and Nebraska (tied at sixth at 6.3%), Alaska (tied with Delaware at 5.8%). Missouri rounds out the top ten with 5.6%.
Unemployment Rates
The GDP growth also coincided with lower unemployment rates. According to the US Bureau of Labor Statistics, jobless rates registered lower numbers in 23 states and the District of Columbia during February. Meanwhile, unemployment went up in four states and stayed roughly the same in 23 states/ with the national unemployment rate remaining at 6.2%.
The national jobless rate fell to 6.2%, which is lower compared to 8.4% in August from 10.2% in July. The top ten growth states also featured lower unemployment. South Dakota and Utah boast the lowest jobless rates at 2.9% and 3%. In contrast, Democrat states Hawaii and California hold the highest unemployment rates at 9.2% and 9% respectively.
GOP States Celebrate
Texas Gov. Greg Abbott celebrated his state’s accomplishment. “The Texas economy expanded at a rapid pace of 7.5% in the last quarter of 2020. That means more jobs & more prosperity for Texans. Only one state – and no large state – had better economic growth than Texas. The Texas economy is fire,” he tweeted.
Meanwhile, Iowa Republican Governor Kim Reynolds pointed to Iowa’s growth of 6.3%. She tweeted that Iowa is “the #1 state for an opportunity,” with its GDP growth rate higher than the national average. In addition, Reynolds happily proclaimed that their school children already went back to school since August.
Prepare for the Second Quarter
Last year’s fourth-quarter performance set the stage for a bounceback year in 2021. Economists see a stellar performance for the whole of 2021. The New York Fed’s GDP Nowcast model sees a 6.1% total growth rate for the first quarter of 2021. However, the model also predicts a serious drop by the second quarter to 0.7% growth. The forecast for the entire year is at 6% growth or higher.
Fed analysts attribute the rapid decline to many factors. They include “negative surprises from personal consumption expenditures, manufacturers’ shipments of durable goods, and housing data” as contributing factors for the forecasted decrease.
Watch the Bloomberg Quick Take video reporting that the US is set for strongest GDP growth since 1984:
Loading ...Why do you think that red states lead the way in economic recovery compared to Blue states? Do you see any reasons why GOP states seem to fare better compared to Democrat-controlled ones? Share with us your opinion by leaving your thoughts in the comment section below.
14 Comments
The democrats’ use any thing they can to scare or twist the truth and keep their lies going so as to keep everyone depending on the government for everything. We must rid this country of the scum of the world that is in charge of our USA.If they keep pushing these things you know what’s coming.
I TOTALY AGRE SHERRIL~ They are spending OUR Government Money and Making Laws That Enhanse THEIR Agenda,,,,, Not Americas
Free money to distribute to non citizens ~ WHAT A FILTHY PARTY~ As Cher said in a song many years ago ~ GYPSIES ~TRAMPS ~ AND THIEVES
Democrats are like little children that if they don’t get their way they throw temper tantrums and get on the floor and cry and kick their feet,and they don’t or caint think for themselves,that’s why they are not robots, but they are Nancy p’s ButtBoys period,how would you like Americans to see You in that light . Fukhead Biden is not my president and what about his son , he should be doing 10 years for a felony in the gun laws his pompous ass father thinks we need, Butthead Biden,DO Your JOB , start with your son and family.
Kinda hard to have a strong GDP when hundreds of thousands of jobs are already being lost out of our great nation and when countries like China aren’t paying taxes on their exports to US, o and let’s not forget who has let tens of thousands across the border illegally. That cost money. A standard 2×4 has doubled in price, who can afford to build
Past time for our military to push back on socialism and arrest all the liberal bastards….and then go ahead and swear Trump into his rightful office! 🤜🤛
The Democratic Party has had a very long time goal, to KILL AMERICA. They do not LOVE OUR COUNTRY. They LOVE their own warped power and the money associated with that power. They are fond of the idea of DO AS I SAY, NOT AS I DO… and LAWS ARE FOR THE LITTLE COMMON PEOPLE, NOT FOR US IN OUR RULING GLORY.
This is the byword of all socialism and communism. As Castro said in Cuba, “WE give our people what they NEED. If we do not give it to them, they DO NOT NEED IT. We know best what it is that they need, and that is what they get.”
Your so right.
Less than 100 days in office and china joe has created such a mess and during his presidency speach last week he says he makes no apologies. China and Iran just signed an oil contract with one another which Iran will sell 75% of it’s oil to now China. A HUGE game changer folks!!! 1000’s of illegal’s are rushing across our southern boarder into the USA taking our jobs away from American’s and lowering the way we all will live. Many of these illegal’s have covid-19 and spreading though out our country. The illegal’s that are caught, will have a free hotel stay complementary of the USA tax payer, 86 million dollars worth! Gas prices up in some places over $1.00 a gallon and raising! Food prices creeping up to off set the fuel prices. Cancel culture canceling everything that has to do with our children and what they can and cannot read! Democrats are trying to pass a new voters right law so republicans can never win another election again. AGAIN, this are “just a few of the changes” that currently have taken place inless the 100 days of china joes being president and he makes NO apologies for what has taken place to date. Hold on, this is going to be an extreme bumpy ride!!!
I do not follow “FAKESCIENCE…”when they were(demoPHILE RIOTERS) “BURNING CITIES TO THE GROUND DUE TO RIOTING”” and dems were saying ‘THERE IS NO WAY THEY CAN SPREAD THE VIRUS’that should have been everyone’s CLUE THAT THE VIRUS IS NOTHING MORE THAN A SCAM…yes people have died and I am sorry but this is nothing more than a strain of Flu w/a 95% recovery rate or higher!!
ignorant is Bliss!!!!
Of course because the red states didln’t have the desire to tank the economy and ruin America, like the blue (leftist/democrat) states. They also used common sense which apparently is a genetic defect amongst dwmocratic governors.
CONE GUYS THE DUMMERCRATS ARE NOTHING MORE THAN SHIT EATING POWER GRABBERS WHO CARE NOITHING ABOUT THIS COUNTRY.ALL THEY WANT IS CONTROL BECAUSE CONTRO IS POWER AND POWER FUELS CRAP LIKE POLITICAL AND THIS CULTURE BULL SHIT WHERE YOU DON’T CALL YOUR MOTHER OR YOUR WIFE WIFE THEY ARE NOW FAMILY MEMBERS. WHERE DOES THIS CULTURE CORRECTNESS BULL SHIT COME FROM ?? THE POWER HUNGRY LEFT AND THE ASS HOLES WHO ROLL OVER FOR THEM LIKE BLACK LIVES MATTER BULL SHIT ALL LIVES MATTER. THE RIGHT HAS GOT TO START PLAYING HARD BALL WITH THESE FOOLS BEFORE IT IS TO LATE!!!!!!!!!!!
Does this surprise anyone, that red states are doing better than blue states? Us Republicans are good with are money, better than Democrates.
GOP states work for more jobs and production out put, not more government give away social programs.