State labor markets were generally strong in December, though only eight were reported to have had statistically significant gains from November. The three largest increases (Texas, Florida, and Georgia) totaled more than 77,000, [...]
Introducing
Charles Steindel
in:Our Authors
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 18 2019State Labor Markets in December
- Global| Dec 27 2018
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity in November shows further signs of converging growth across the nation. 32 states have seen gains between 2% and 4% over the last 12 months. Florida, with [...]
|in:Viewpoints
- Global| Dec 21 2018
State Labor Markets in November
Reflecting the somewhat softer tone of the national report, only four states were considered to have statistically significant changes (all increases) in payroll employment in November: California, Florida, Wisconsin, and South [...]
- Global| Dec 20 2018
State Personal Income
The first estimates of state personal income growth in 2018:Q3 indicate that, in general, as had been the case for employment for some time, states in the western part of the country were the fastest growing, with Nevada and [...]
|in:Viewpoints
- Global| Nov 27 2018
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity in October is in line with other state-level indicators showing a convergence of growth across the nation. The 12-month growth in the indexes lay between [...]
|in:Viewpoints
- Global| Nov 16 2018
State Labor Markets in October
State labor markets were noticeably stronger in October than September. Nine states were reported to have had statistically significant increases in payroll employment, although the gains in the Carolinas doubtlessly reflected in [...]
|in:Viewpoints
- Global| Nov 16 2018
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 benchmark GDP revision. The highlighted figures were real [...]
- Global| Oct 30 2018
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity, like the state job numbers, suggest that September saw some slowing in the pace of growth in large portions of the nation. 10 states are reported to have [...]
|in:Viewpoints
- Global| Oct 19 2018
State Labor Markets in September
The state data suggest that September was a month of quite limited growth. According to BLS, only one state (Georgia) reported a statistically significant gain in jobs. Three states saw declines, though in two of these (the Carolinas) [...]
|in:Viewpoints
- Global| Oct 11 2018
Consumer Spending By State
Last Thursday BEA released its estimates of 2017 state-level consumer spending. These figures—only available at an annual frequency—are the only estimates of any state-level GDP expenditure category. In the release BEA highlights [...]
|in:Viewpoints
- Global| Sep 28 2018
State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity show that all states have grown over the last 12 months. As was noticed for the job numbers, there are some signs of convergence in growth over that [...]
|in:Viewpoints
- Global| Sep 26 2018
State Personal Income
Yesterday BEA released its estimates of personal income at the state level for 2018:Q2. The numbers reflect the benchmark GDP revision. Income growth is rather dispersed. In the second quarter Texas led the nation, with a 6.0% growth [...]
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