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 [...]
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| Mar 27 2020State Labor Markets in February
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- Global| Mar 25 2020
State Personal Income
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 [...]
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- Global| Mar 16 2020
State Labor Markets in January
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 [...]
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- Global| Jan 29 2020
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity for December indicate increased divergence in activity across the nation. Over the last 12 months, 27 states report increases in their indexes in the 2 to [...]
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- Global| Jan 24 2020
State Labor Markets in December
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 [...]
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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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