From the Federal Reserve Bank of Philadelphia website. 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
- wage and salary disbursements deflated by the consumer price index (U.S. city average).
32 states are doing better on this index than Wisconsin.
Last September, Walker tried to get some mileage out of this index when Wisconsin was dark green on the map.
But it was just another exercise in his misleading the people he serves.
Related posts:
Wisconsin Manufacturers and Commerce doesn't want you to read all about this. (10/1/2013)
Another bad month for Wisconsin on the Federal Reserve's coincident index. (6/2/2013)
Is is a coincident? (11/18/2011)
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