jump to navigation

State Economic Growth Maps for 2007 March 12, 2008

Posted by Daniel Downs in economy, news, United States.
Tags:
trackback

The following state economic growth maps reflects a 3 month running coincident indexes that combine four state-level indicators to summarize current economic conditions in a single statistic. The four state-level variables in each coincident index are nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index (U.S. city average). The trend for each state’s index is set to the trend of its gross domestic product (GDP), so long-term growth in the state’s index matches long-term growth in its GDP.

The first map covers January through March. The second covers April through June. The third covers July through September, and the fourth from October through December.

Unfortunately, the maps had to be reduced to fit the blog making the legend unreadable. Therefore, the following defines what the colors represent.

Red = Below -0.5%
Pink = Between -0.5% to -0.1%
Gray = No change
Lt. Blue = Between 0.1% to 0.5%
Blue = Above 0.5%

Red = Below -0.5% Pink = Between -0.5% to -0.1% Gray = No change Lt. Blue = Between 0.1% to 0.5% Blue = Above 0.5%

Red = Below -0.5% Pink = Between -0.5% to -0.1% Gray = No change Lt. Blue = Between 0.1% to 0.5% Blue = Above 0.5%

Red = Below -0.5% Pink = Between -0.5% to -0.1% Gray = No change Lt. Blue = Between 0.1% to 0.5% Blue = Above 0.5%

Red = Below -0.5% Pink = Between -0.5% to -0.1% Gray = No change Lt. Blue = Between 0.1% to 0.5% Blue = Above 0.5%

Source: Federal Reserve Bank of Philadelphia, 2008, 2007.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: