New York is among the nation's lowest ranking states when it comes to economic freedom, according to a report that focuses on the United States and 10 Canadian provinces.

The Economic Freedom of North America 2006 Annual Report -- by the Dallas-based National Center for Policy Analysis and the Fraser Institute of Canada -- considers such factors as the tax burden, the size of government and the flexibility of a state's labor market.

In measuring the restrictions on New York's economic freedom imposed by all levels of government including federal, state and local, the state ranks 39th, according to the report. However, the state drops to 50th when the economic restrictions of only the state and local governments are considered.

A copy of the report can be found here.