Financial Crisis: 5 Years Later and Still Not Recovered
By Jake Grovum, Staff Writer
Displayed is the monthly percent change in the coincident index score for each state, plus the U.S. change, from June 2008 to June 2013. The coincident index is an economic formula used by the Federal Reserve to track the health of state economies. It includes nonfarm payroll employment figures, average hours worked in manufacturing, the unemployment rate, and wage and salary data adjusted by a location’s consumer price index. The trend of the index is tied to a state’s gross domestic product, so it tracks general economic growth closely.