Brought to you by WBIW News and Network Indiana
Last updated on Tuesday, December 12, 2017
(UNDATED) - A new report from 24/7 Wall Street ranks Indiana the 29th best run state in America in 2017.
Louisiana was the worst run state at number 50.
The best run state according to the report is Minnesota.
The report says like its neighbors Michigan and Ohio, Indiana is overly dependent on its once strong manufacturing sector.
American manufacturing has been in decline for decades, and currently, some 18.8% of workers in Indiana are employed in manufacturing jobs, the largest share of any state.
The report says over reliance on a single industry can make an economy more susceptible to economic downturns.
Despite its dependence on manufacturing, Indiana's economy appears to be stronger than most.
Only 4.4 percent of the state's labor force was out of a job in 2016, below the 4.9 percent U.S. annual unemployment rate.
Indiana has a poverty rate of 14.1 percent, the 21st highest among the 50 states.
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