Lone Star State Leads the U.S. in Growth
The economies of Texas, West Virginia and New Mexico flourished in the first quarter, thanks to a 21.6 percent increase in mining and oil exploration, Bureau of Economic Analysis data released Wednesday showed. Growth in the Lone Star State clocked in at an annualized 3.9 percent, tops in the nation and more than three times the 1.2 percent gain in total gross domestic product for all 50 states. Weakness in crop prices, meanwhile, took a toll on GDP in states where agriculture is king, with Nebraska coming in last. The report is the state counterpart of national GDP.