Only three states were considered to have statistically significant changes (all increases) in payroll employment in November: Texas, Washington, and Arkansas. 32 states (including here Washington DC) had nonsignificant point [...]
Introducing
Charles Steindel
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Charles Steindel has been editor of Business Economics, the journal of the National Association for Business Economics, since 2016. From 2014 to 2021 he was Resident Scholar at the Anisfield School of Business, Ramapo College of New Jersey. From 2010 to 2014 he was the first Chief Economist of the New Jersey Department of the Treasury, with responsibilities for economic and revenue projections and analysis of state economic policy. He came to the Treasury after a long career at the Federal Reserve Bank of New York, where he played a major role in forecasting and policy advice and rose to the rank of Senior Vice-President. He has served in leadership positions in a number of professional organizations. In 2011 he received the William F. Butler Award from the New York Association for Business Economics, is a fellow of NABE and of the Money Marketeers of New York University, and has received several awards for articles published in Business Economics. In 2017 he delivered Ramapo College's Sebastian J. Raciti Memorial Lecture. He is a member of the panel for the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters and of the Committee on Research in Income and Wealth. He has published papers in a range of areas, and is the author of Economic Indicators for Professionals: Putting the Statistics into Perspective. He received his bachelor's degree from Emory University, his Ph.D. from the Massachusetts Institute of Technology, and is a National Association for Business Economics Certified Business EconomistTM.
Publications by Charles Steindel
Global| Jan 24 2020State Labor Markets in December
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- Global| Jan 10 2020
State GDP
The state GDP figures for Q3 were heavily influenced by gains in refining and other industries using petroleum feedstocks. Texas was the fastest-growing state, with its real output up at 4 percent annual rate, with its growth led by [...]
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- Global| Dec 27 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for November continue to show some divergence in activity across the nation. Over the last 12 months, only 27 states report increases in their index in the [...]
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- Global| Dec 20 2019
State Labor Markets in November
State labor markets had mixed results in November, with some weak results offsetting a number of strong showings. Somewhat surprisingly, in light of the strong national results, only 6 states reported statistically significant gains [...]
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- Global| Dec 19 2019
State Personal Income
The patter of state personal income growth in the third quarter of 2019 was heavily affected by large gains in farm income. Aggregate income in the Great Plains state grew quite rapidly that quarter, with Iowa, Nebraska, and the two [...]
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- Global| Dec 13 2019
GDP by County
On December 12 BEA released comprehensive data on GDP by county (as well as metropolitan areas) for the years 2001 to 2018. The emphasis in the release was on the real growth estimates for 2018. While the interest in such figures is [...]
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- Global| Nov 22 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for October show some signs of increasing divergence in activity, with perhaps some more indications of weakness. Over the last 12 months, 30 states report [...]
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- Global| Nov 19 2019
State Labor Markets in October
Reflecting the relatively muted national increase, in general, states saw little change in payroll employment in October. Only 4 states (Texas, Maryland, Utah, and Nebraska) reported statistically significant gains. Michigan reported [...]
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- Global| Nov 07 2019
State GDP
BEA has released estimates of state GDP for the second quarter. Along with the new quarterly figures revised histories of state GDP were released, consistent with last summer's GDP revision. The highlighted figures were real growth [...]
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- Global| Oct 30 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for September were rather comparable to August's initial estimates, though fewer states appear to be growing very rapidly. Over the last 12 months, 32 [...]
- Global| Oct 18 2019
State Labor Markets in September
State labor markets were on the soft side in September. Only three states (Hawaii, Idaho, and Kentucky—clearly a group with little in common!) reported statistically significant gains, while two (New Hampshire and Virginia) had [...]
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- Global| Oct 03 2019
Consumer Spending by State
BEA has released estimates of current-dollar consumer spending by state for calendar year 2018, along with revised figures for earlier years. It's useful to keep in mind what these figures are and are not: 1. As noted, they are annual [...]
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