Economic Evaluation

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The Bloomberg Economic Evaluation of the States (BEES) combines statistics on tax collection, personal income, unemployment, home prices, mortgage ...
Winter 2011 Bloomberg Government Insider

Economic Pulse

Are You Better Off? The Bloomberg Economic Evaluation of the States (BEES) combines statistics on tax collection, personal income, unemployment, home prices, mortgage foreclosures, and the stock performance of public companies in a quarterly index that will allow you to analyze and compare the performance of the 50 states plus D.C. ——Ilan Kolet Percent change, Q4 2008 to Q2 2011 above 0%

−36% Pummeled by rising unemployment and falling home prices, Wyoming was the worst performer in the index

0 to −10%

−10% to −20%

3.6% Oil and gas have buoyed tax revenue and personal income in North Dakota, the only state with a positive index reading

−20% to −30%

below −30%

−7.4% Michigan was the nation’s second-best performer, thanks in part to the effects of the auto bailout

B4

−9.2% The nation may

be hurting, but the nation’s capital ... not so much. Employment and personal income are both up in D.C.

−16.8% Employment in Kansas was down nearly 5%, but its equities reading was up almost 69%—Wall Street likes layoffs, they say

BEES ROUNDUP: the bad and the ugly 10%

10% 0%

The top 10 performers…

ND MI

−10% −20% −30% data: bloomberg

NE

DC

VT

0% WV

MN

OH

PA

IA

−10% OK

NC

ME

…and the bottom 10. A negative field all around

OR

MT

WA

−20% NV ID

NM

−30% WY