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The effectiveness of the state coincident indexes

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  • Jason A. Novak

Abstract

The Federal Reserve Bank of Philadelphia has produced state coincident indexes since 2005. These indexes are monthly indicators of economic activity for each of the 50 U.S. states, based on a composite of four widely available data series on state conditions: total nonfarm payroll employment, the unemployment rate, average hours worked in manufacturing, and real wages and salary disbursements.

Suggested Citation

  • Jason A. Novak, 2013. "The effectiveness of the state coincident indexes," Research Rap Special Report, Federal Reserve Bank of Philadelphia, issue Jan.
    • Handle: RePEc:fip:fedprr:00009
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/reports/research-rap/2012/the-effectiveness-of-the-state-coincident-indexes.pdf
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    Keywords

    State coincident index; Economic output;

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