by Calculated Risk on 5/25/2022 04:09:00 PM
From the Philly Fed:
three months, the indexes increased in all 50 states, for a three-month diffusion index of 100. Additionally, in the past
month, the indexes increased in all 50 states, for a one-month diffusion index of 100. For comparison purposes, the
Philadelphia Fed has also developed a similar coincident index for the entire United States. The Philadelphia Fed’s U.S.
index increased 1.1 percent over the past three months and 0.3 percent in April.
Note: These are coincident indexes constructed from state employment data. An explanation from the Philly Fed:
Here is a map of the three-month change in the Philly Fed state coincident indicators. This map was all red during the worst of the Pandemic and also at the worst of the Great Recession.
The map is all positive on a three-month basis.
Source: Philly Fed.
In April all 50 states had increasing activity including minor increases.