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 [...]
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| Dec 20 2018State Personal Income
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- 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 [...]
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- 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 [...]
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- 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 [...]
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- 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) [...]
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- 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 [...]
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- 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 [...]
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- 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 [...]
- Global| Sep 21 2018
State Labor Markets in August
As has been the case for some months, August saw fairly widespread job gains by state, though only four of the gains (California, Texas, Arizona, and Florida) were viewed as statistically significant. 10 states, and DC, reported [...]
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- Global| Aug 27 2018
State Coincident Indexes: The Sum of the Parts Greater than the Whole?
Last Wednesday the Philadelphia Federal Reserve Bank issued its estimates of state coincident activity for July. All 50 states report increases over the last 12 months; only West Virginia and Alaska showed gains under 1 percent. As [...]
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- Global| Aug 17 2018
State Labor Markets in July
July saw job gains in 42 states, though only 6 of those increases were deemed statistically significant by BLS, led by California’s 46,700 (0.3 percent) gain (Nevada had the largest percentage increase—0.7). It’s often the case that a [...]
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