Sunday, June 2, 2013

Another Bad Month for Wisconsin on the Federal Reserve's Coincident Index

Source:  Federal Reserve Bank of Philadelphia

State Coincident Indexes as described on the FRB website.

The Federal Reserve Bank of Philadelphia produces a monthly coincident index for each of the 50 states. The indexes are released a few days after the Bureau of Labor Statistics (BLS) releases the employment data for the states. The Bank issues a release each month describing recent trends in the state indexes, with special coverage of the three states in the Third District: Pennsylvania, New Jersey, and Delaware. 

The coincident indexes 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). 
Related post:
Is it a coincident?  (12/18/2011)

1 comment:

Anonymous said...

It won't be long before summer hiring and spending is reported. I expect plenty of press releases taking credit for the annual bump.