The United States economy has been in a period of encouraging, consistent growth for several years now. U.S. GDP has now increased uninterrupted for 14 straight quarters. The stock market continues to hit new all-time highs, and the unemployment rate fell to 4.1% in October, the lowest it has been since the year 2000.
Based on the most recent quarterly estimates from the Bureau of Economic Analysis, 24/7 Wall St. reviewed the growth — or decline — of American state economies over the past three years — more or less the time since the last nationwide quarterly economic contraction. Nationwide, GDP grew by 2.2% over the three years ending in the second quarter of 2017.