State job growth picked up somewhat in May following the lackluster April numbers. BLS reports that 14 states saw statistically significant increases in payroll employment. The gains were somewhat concentrated, in that California saw [...]
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| Jun 23 2021State Labor Markets Modestly Firmer in May
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- Global| Jun 22 2021
State Personal Income in Q1 2021
State personal incomes grew at spectacular rates in 2021:Q1, reflecting the disbursement of Federal transfers. Unsurprisingly, aggregate growth rates were strongest in poor states, where flat dollar transfers made a larger different: [...]
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- Global| May 26 2021
State Coincident Indexes in April
The Federal Reserve Bank of Philadelphia's state coincident indexes in April show widespread dispersion of activity. In the three months ending in April the indexes for 49 states increased (Delaware again inched down). 15 states, [...]
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- Global| May 21 2021
State Labor Markets in April
Job growth was generally modest across the states in April, corresponding to the muted national figure. California was an outlier, with a strong payroll gain of nearly 102,000 (0.8 percent). Hawaii’s job count grew a vigorous 1.8 [...]
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- Global| Apr 23 2021
State Coincident Indexes in March
The Federal Reserve Bank of Philadelphia's state coincident indexes in March show widespread recovery, though with some choppiness. In the three months ending in March the indexes for 49 states increased (Delaware inched down). [...]
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- Global| Apr 23 2021
State Labor Markets in March
The pace of improvement in state labor markets in March was varied. Despite the very large increase in national payrolls, only 29 states reported statistically significant gains, though Alaska was the only state to register a (small [...]
- Global| Apr 16 2021
State Labor Markets in March
The pace of improvement in state labor markets in March was varied. Despite the very large increase in national payrolls, only 29 states reported statistically significant gains, though Alaska was the only state to register a (small [...]
- Global| Apr 02 2021
State Coincident Indexes in January
The Federal Reserve Bank of Philadelphia's state coincident indexes in January show a wide range of variation in the extent of recovery. In the three months ending in January 48 states showed gains (the exceptions were Maine and New [...]
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- Global| Mar 26 2021
State Labor Markets in February
State labor markets were, in general, little-changed in February. Only 14 states reported statistically significant changes in payrolls—11 up, 3 down. The two eye-popping moves were the increases in California--141,000 (.9 [...]
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- Global| Mar 26 2021
State GDP in 2020:Q4
Every state is reported to have had positive growth in real GDP in the fourth quarter, but there was a wide range of growth. South Dakota led, with a 9.9 percent rate, while DC trailed all 50 states with a 1.2 percent rate of gain [...]
- Global| Mar 24 2021
State Personal Income in Q4 2020
State personal incomes were wildly erratic in the 2020:Q4, with annual rates of growth ranging from South Dakota’s 16.7 percent to -16.1 percent in both Rhode Island and Pennsylvania. Two sharply divergent forces were at work: the [...]
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- Global| Mar 15 2021
State Labor Markets in January
State labor market data in January tended to show declines in unemployment with fairly muted changes in payroll employment. 20 states report statistically significant declines in their unemployment rates. Michigan's remarkable 2.5 [...]
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