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 [...]
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| Mar 26 2021State Labor Markets in February
|in:Viewpoints
- 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 [...]
|in:Viewpoints
- 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 [...]
- Global| Jan 26 2021
State Labor Markets in December
State labor market data results in December were again mixed. The count of states with falling unemployment has been on the downtrend, with 19 seeing improvement from November to December, a noticeably smaller number than has recently [...]
- Global| Dec 24 2020
State GDP in 2020:Q3
As expected, all states (including DC) had double-digit rates of increase in real GDP in the third quarter. Nevada saw a 52.2 percent rate of real growth; DC, up at a 19.2 percent rate (Wyoming was the softest state, with a 19.4 [...]
|in:Viewpoints
- Global| Dec 24 2020
State Coincident Indexes in November
The Federal Reserve Bank of Philadelphia's state coincident indexes in November show increasing divergence in performance. While 5 states saw increases of 10 percent or more in the three months since August (Massachusetts remained in [...]
- Global| Dec 18 2020
State Labor Markets in November
State labor market data results in November were mixed, with none showing remarkable strength and some showing substantive slippage. 25 states had statistically significant drops in their unemployment rates from October to November, a [...]
- Global| Dec 17 2020
State Personal Income in Q3 2020
State personal incomes fell back in Q3, reflecting the lessening of the extraordinary level of income support in Q2. Every state registered a decline, ranging from Georgia’s fractional 0.6% rate of loss to West Virginia’s 29.9%. In [...]
|in:Viewpoints
- Global| Nov 25 2020
State Coincident Indexes in October
The Federal Reserve Bank of Philadelphia's state coincident indexes in October were once again positive, but very mixed. 13 states saw increases of 10 percent or more in the three months since July, with Massachusetts once again way [...]
|in:Viewpoints
- Global| Nov 20 2020
State Labor Markets in October
State labor market data results in October were generally strong. 37 states had statistically significant drops in their unemployment rates from September to October, with Illinois’s 3.6 percentage-point drop being the largest. 8 [...]
|in:Viewpoints
- Global| Oct 28 2020
State Coincident Indexes in September
The Federal Reserve Bank of Philadelphia's state coincident indexes continued to be remarkably mixed in September, but still on an uptrend. 11 states saw an increase of 10 percent or more in the three months since June, led by [...]
|in:Viewpoints
- of17Go to 9 page