Hawaii Productivity Growth Lowest in US—Only 4.76% Since 1992
AL: The Philadelphia Fed aggregates its research into a measure it calls the state coincident index. The coincident indexes combine four factors -- total jobs, unemployment, total wages, and hours worked in manufacturing -- to come up with one number to assess the health of each state's economy.
Perhaps challenged by unique geographic circumstances, Hawaii (104.76) and Alaska (119.03) are at the bottom of these rankings. Next is Michigan (123.12), and then, Alabama (127.89).
The index compares states' economic health to conditions in July 1992. That is, a score of 100 indicates a level of productivity equal to that of that month, while higher scores indicate growth. Setting the index to 100 for a specific month for each state controls for differences in size; for example, Texas' economy is much larger than that of Alabama.
read … AL.com
Phila Fed: State Coincident Index
Check Out: Chart of Southern States, Texas is at 182, Hawaii Nearly Flat Since 1992
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