The Philadelphia Federal Reserve Bank's estimates of state coincident activity for July show fairly good growth over the past year, but signs of weakness—and greater dispersion in the distribution of growth-- more recently. For a [...]
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| Aug 21 2019State Coincident Indexes
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- Global| Aug 16 2019
State Labor Markets in July
Most states saw little or no change in the number of jobs in July. Five states report statistically significant gains. Texas’s 35,200 was the largest absolute increase; Utah’s 0.7% gain was the largest percentage rise. Florida was the [...]
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- Global| Aug 05 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank’s estimates of state coincident activity for June continue to show that most states are experiencing reasonably healthy growth. As was the case for May’s first set of numbers, the June results [...]
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- Global| Jul 25 2019
State GDP in 2019:Q1
Real GDP growth by state continued to be centered in the West in 2019:Q1, although West Virginia's pace, 5.2% at an annual rate, was the fastest in the nation. Eight of the nine other states in the top ten were in the West, led by [...]
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- Global| Jul 19 2019
State Labor Markets in June
The June job numbers from the states, like the national figures, showed increases, but except in a few instances these were not statistically significant. Only 4 states reported statistically significant gains—but these included [...]
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- Global| Jul 05 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for May show that growth is widespread across the nation, with moderate variation. Over the prior 12 months, 32 states had indexes with gains in the 2 to 4 [...]
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- Global| Jul 05 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for May show that growth is widespread across the nation, with moderate variation. Over the prior 12 months, 32 states had indexes with gains in the 2 to 4 [...]
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- Global| Jun 26 2019
State Personal Income
State personal income growth in the first quarter of 2019 averaged somewhat lower in the first quarter of 2019 than in the fourth quarter of 2018, but the variation in growth was fairly narrow. West Virginia reported the highest rate [...]
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- Global| Jun 21 2019
State Labor Markets in May
The May job numbers from the states were comparable to the national figure, showing little change in payrolls. Washington was the only state to have a statistically significant change--an increase of 9,500. Texas, California, and [...]
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- Global| May 28 2019
Real Income by State and MSA: 2017
BEA released on May 16 estimates of real personal income by state and metro area for 2017. The considerably lag reflects the methodology BEA uses to compute this data. First, estimates are made of consumer spending at these levels, [...]
- Global| May 23 2019
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity again show that growth is less intensely centered in the West. Over the 12 months ending in March, Nevada is once again the leader, with a striking 5.4% [...]
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- Global| May 17 2019
State Labor Markets in April
State payrolls were, like the national figure, generally strong in April. Ten states had statistically significant gains, led in absolute numbers by California (46,000) and in percentage terms by Rhode Island (.8%) . A handful of [...]
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