Viewpoints: 2018

BEA has released its estimates of 2016 real personal incomes for states and metro areas. These estimates are derived by computing personal consumption price deflators for those locations (data on regional CPIs are used in this [...]

BEA has released new estimates of GDP by state (the release came out at the same instant as the April market labor report, so undoubtedly received even less notice than usual!). State GDP estimates are too a large extent a reworking [...]

The initial estimate of 2.3% growth in Q1 real GDP by the Bureau of Economic Analysis (BEA) was only slightly above the consensus estimate of 2%, and probably will convince policymakers to stay on the gradual course of policy [...]

State payroll employment numbers, like those of the nation as a whole, suggest a slowing in March. The sum of the reported changes in jobs over the 50 states and DC was 148,200—not appreciably different than the national survey’s [...]

On April 3 the Federal Reserve Bank of Philadelphia issued revised estimates of state coincident indicators, along with January values. The Philly Fed produces figures for all 50 states, as well as the nation as a whole, using a [...]

The two most comprehensive data sets on economic activity at the state level are personal income and payroll employment. The wage component of personal income (much the largest) is benchmarked to the QCEW as is, of course, payroll [...]

On March 13 BLS released January labor market estimates by state. These figures include the regular benchmark revisions to the QCEW of the payroll numbers, which had been incorporated into the national figures in the February 2 [...]