The Mortgage Bankers' Association's latest numbers on home mortgage delinquencies and foreclosures show that problems with home loans continue to fade. At the end of the second quarter, 1.05 percent of all mortgages on 1 to 4-unit [...]
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 16 2018Foreclosures Continue to Ebb
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On Wednesday July 25 BLS released its Q4 report on Business Employment Dynamics: gross job gains and losses. As always, this rather neglected (perhaps because it is released with such a lag) report adds nuance to the regular job data. [...]
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- Global| Jul 25 2018
State Coincident Indexes
The Philadelphia Federal Reserve’s state coincident indexes show some dispersion in growth across the nation. Since June 2017, comparable to the payroll employment numbers, growth has apparently been most rapid in the West, with New [...]
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- Global| Jul 20 2018
State Labor Markets in June
The June data on jobs by state show at best modest changes from May levels. Only 5 states (Georgia, Illinois, Massachusetts, North Carolina, and Tennessee) saw gains that BLS deemed to be statistically significant. The majority of [...]
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- Global| Jun 29 2018
Philadelphia Fed Coincident Indexes
On June 27 the Philly Fed released the May estimates for state coincident economic indexes. These indexes, based largely on details of state payroll employment reports and calibrated to have trends similar to a state’s real GDP, allow [...]
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- Global| Jun 15 2018
State Labor Markets Mirror National Strength in May
State data show continued brisk job growth in May. The sum of the seasonally adjusted gains in payroll employment across the states came to 269,300—quite comparable to the national increase of 223,000. However, most states did not [...]
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- Global| Jun 14 2018
Employer Costs for Q1 2018
On June 8 BLS released the data on March Employer Costs for Employee Compensation (ECEC). This dataset offers a different perspective on labor costs than the ECI. Like the ECI, the numbers come from both private and state and local [...]
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- Global| May 23 2018
State Coincident Indexes
The Philadelphia Federal Reserve has released updated estimates of coincident indexes by state. The coincident indexes are computed from a dynamic factor model relating a number of other monthly variables (primarily from the labor [...]
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- Global| May 18 2018
State Payroll Employment Growth Remained Modest in April
The April job numbers across the states were consistent with the national figures, and show some continuing moderation in the pace of job growth. BLS reports that only three states had statistically significant growth in jobs (Texas, [...]
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- Global| May 17 2018
Real Incomes by State and Metro Areas
BEA has released its estimates of 2016 real personal incomes for states and metro areas. These estimates are derived by computing personal consumption price deflators for those locations (data on regional CPIs are used in this [...]
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- Global| May 04 2018
State GDP
BEA has released new estimates of GDP by state (the release came out at the same instant as the April market labor report, so undoubtedly received even less notice than usual!). State GDP estimates are too a large extent a reworking [...]
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- Global| Apr 23 2018
State Payroll Employment Growth Modest in March
State payroll employment numbers, like those of the nation as a whole, suggest a slowing in March. The sum of the reported changes in jobs over the 50 states and DC was 148,200—not appreciably different than the national survey’s [...]
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