Ohio has one of the worst economies in the country, research study says

COLUMBUS, Ohio (WCMH)-- A current research study has named Ohio as one of the states with the worst economies in the country.

To identify the states with the very best economies, WalletHub analyzed financial indications for all 50 states and Washington D.C. The individual finance business analyzed 3 key measurements -- economic activity, economic health and innovation potential-- across 28 various metrics. Some of those metrics consist of average family earnings, organization growth and joblessness rate..

Ohio ranked No. 42 in the nation, making it the state with the 10th worst economy, according to WalletHub. The Buckeye state did slightly better in its rankings for financial health (No. 39) and development potential (No. 33).

Completing the top 10 states with the worst economies is Mississippi (No. 51), Hawaii (No. 50), West Virginia (No. 49), Arkansas (No. 48), Louisiana (No. 47), Kentucky (No. 46), Rhode Island (No. 45), Iowa (No. 44) and Maine (No. 43).

Source: WalletHub.

Despite WalletHub's research study, Forbes just recently called Ohio as one of the very best states in the nation to start an organization. The state has also had numerous recent financial investments from Intel, Amgen and Honda, which Ohio Chamber of Commerce President and CEO Steve Stivers said makes him believe the state is on the ideal track.

" While we don't desire to put too much weight on any one index, we do pay attention to these reports, due to the fact that we believe we can learn from every rating," Stivers stated. The WalletHub study is extremely heavily weighted toward high-tech industries, and it reveals that we require to do more to keep structure and growing more in that sector.".

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The state with the very best economy in the nation is Washington, the research study claims. WalletHub noted Washington has the second-highest share of tasks in state-of-the-art industries in the U.S. and the fourth-highest percentage of companies that are noted on the Technology Fast 500 list. The Evergreen State was followed by Utah, Massachusetts, Texas and California.