State Ranks First in the Midwest, Exceeds National Growth Rate
Madison— The Federal Reserve Bank of Philadelphia released its June leading economic indexes for states today. Their data suggest Wisconsin will have the second strongest economic growth of any state in the nation over the next six months.
“We know that employers want stability, and while we can’t control all of the factors affecting job creation, this ranking is another sign that the work we are doing is improving the business climate in the state.” Governor Walker said.
The leading index projects the six-month growth in the coincidence index. The latest coincidence index for June had Wisconsin ranked 5th in the nation, 1st in the Midwest, and exceeding the national growth rate. This was only the sixth time since 1980 Wisconsin has ranked in the top five based on this measure.
The leading index is calculated by using the coincidence index, as well as housing permit data, initial unemployment claims, the Institute for Supply Management manufacturing survey, and the 10-year Treasury bond and 3-month Treasury bill interest rate spread.
This ranking is latest in series of positive economic news for state:
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