Economic Activity

The Economic Activity Index is the monthly coincident indicator developed for each of the 50 states by economists at the Federal Reserve Bank of Philadelphia. Calibrated to trend at each state’s pace of growth in real gross state product relative to July 1992 levels, the state indexes are derived from total nonfarm employment, unemployment rates, average hours worked in manufacturing, and wage and salary disbursements.

 

Source

Federal Reserve Bank of Philadelphia
http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/