jump to navigation

State Economic Growth Maps: 1st Qtr 2008 May 20, 2008

Posted by Daniel Downs in news.

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 maps cover state growth beginning with January and ending with March. Unfortunately, the maps had to be reduced to fit the blog making the legend unreadable. Therefore, the following legend defines the values represented by each of the colors. To see an enlarged version of a Philadelphia Federal Reserve State Incident Map, click on the map.

Source: Federal Reserve Bank of Philadelphia, 2008.



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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s

%d bloggers like this: