Viewpoints

The Philadelphia Federal Reserve Bank has issued estimates of state coincident indexes for January. These indexes now take into account the annual labor market benchmark revisions. Additionally, movements in proprietors’ income are [...]

State labor markets were generally sound in February, prior to the onset of the pandemic. Texas led the way, with a 50,400 (.4%) rise in payrolls—tops in the absolute gain and trailing only Alaska in percentage change. Michigan and [...]

Government restrictions to contain coronavirus have caused tremendous economic damage compelling some to question is it worth "destroying the economy by trying to save it"? This is not the first time government restrictions triggered [...]

BEA has released the first estimates of state personal income for the fourth quarter of 2019 and for 2019 as a whole. Right now interest in these figures may be mostly antiquarian. For 2019 as a whole, the fastest-growing states were [...]

Economic recession is an infrequent occurrence, but in a fundamental sense recessions are the economy's way of cleansing the "rot" out the system that have been built up over time. This emanates from bad investments, bad loans, bad [...]

In what now seems like ancient times, state labor market data was strong in January. Twelve states had statistically significant increases in payrolls over the month, led by a 35,700 gain in Florida and 33,500 in New York. Some other [...]

Two of largest quarterly declines in economic activity during the post war period occurred during a financial crisis and a widespread cessation of consumer and business activity triggered by uncertainty (and panic) following the [...]

The global spread of COVID-19 represents a classic example of a supply shock. In this case, the factor of production affected is labor. Despite the advance of artificial intelligence, global production of goods and services still [...]