A Broader Measure of Economic Performance in the States: Philadelphia Federal Reserve’s Analysis Shows Wisconsin Economy Performing Poorly Compared to Other States
Are you still wondering which set of jobs data is a better indicator of how the Wisconsin economy is doing? It’s a debatable proposition because each of the employment data sources has advantages and disadvantages. A different measure updated each month by the Federal Reserve Bank of Philadelphia offers several advantages over using any one of those particular sources of jobs data. It weighs four different factors, allows timely comparisons between states, and is prepared by a trusted organization. This paper looks at that measure, referred to as the “Coincident Index,” and examines what it tells us about Wisconsin’s economic growth, which continues to trail the gains in other states. Read full publication.