The Federal Reserve Bank of Philadelphia released its July coincident economic indexes for states today, with Wisconsin ranking among the best in the nation for the second consecutive month.
The latest coincident index for July had Wisconsin third in the nation for growth during the past three months. Wisconsin had ranked second in the Fed’s growth forecast in June.
The coincident index is calculated using non-farm payroll employment, average hours worked in manufacturing, unemployment rate, and wage and salary data.
For Wisconsin, the June and July rankings are stark turnarounds from April, when Wisconsin ranked 49th in the Fed forecasts.
“Wisconsin’s economy is improving month after month,” Wisconsin Gov. Scott Walker said. “We are growing our economy, investing in new businesses, and getting people back to work. We will continue to work to build a strong foundation for workers in our state and to move Wisconsin forward.”
To view the Fed’s latest State Coincident Index map, click here.
