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 [...]
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| Jan 26 2021State Labor Markets in December
- 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 [...]
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- 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 [...]
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- 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 [...]
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- 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 [...]
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- 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 [...]
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- Global| Oct 20 2020
State Labor Markets in September
State labor market data results in September were somewhat less uniform than in prior months. 30 states had statistically significant drops in their unemployment rates from August to September, with New Jersey's 4.4 percentage-point [...]
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- Global| Oct 02 2020
State GDP in 2020:Q2
Unsurprisingly, all states (as well as DC) saw double-digit rates of decline in real GDP decline in the second quarter. The range was wide, varying from DC's -20.4 percent to Hawaii and Nevada's -42.2. In general, the declines were [...]
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- Global| Sep 29 2020
State Coincident Indexes in August
The Federal Reserve Bank of Philadelphia's state coincident indexes were strong in August, though specific results continue be quite divergent. Every state except New Mexico reports a gain since May. Of that group, though, 7 had [...]
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- Global| Sep 24 2020
State Personal Income in Q2 2020
The pandemic utterly dominated state income numbers in the second quarter. Every state saw a double-digit rate of decline in earnings from employment and noncorporate business. Every state saw a double-digit rate of growth in [...]
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