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Gross state product estimates for Fifth District jurisdictions
Estimating GSP and labor productivity by state
In gauging the health of state economies, arguably the two most important series to track are employment and output. While employment by state is available about three weeks after the end of a month, data on output, as measured by Gross State Product (GSP), are only available annually and with a significant lag. This Policy Discussion Paper details how more current estimates of GSP can be generated using U.S. Gross Domestic Product and personal income along with individual states personal income. A straightforward share approach yields reasonable GSP estimates, but a more sophisticated ...
Census data show the economy matters
Should states fear the effects of a changing dollar?