Viewpoints

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 [...]