Photo: Federal Reserve
Every month, the Federal Reserve of Philadelphia releases a State Coincident Index measurement for every U.S. state.The index employs four state-level economic indicators to summarize each state’s current economic condition in an easy-to-understand format. Those four variables include nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index.
Basically, when a state is in blue, it’s doing good. When it’s in red, it’s doing bad.
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