Journal Article
The effectiveness of the state coincident indexes
Novak, Jason A. (2013-01)
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.
Research Rap Special Report , Issue Jan