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Up-to-date interactive charts covering labor market trends, GDP growth, inflation, and more — each with added context to help make sense of the numbers.
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Explore more economic indicators →State Economic Momentum Index — 1 Year Change
Composite index relative to the U.S. average (100), based on 1-year changes in real GDP, employment, income, population, and building permits.
- What it measures: The State Economic Momentum Index combines five key indicators into a single score that captures whether a state economy is running faster or slower than the national baseline. A score of 100 indicates that a state's overall economic momentum is aligned with the national trend. Scores above 100 reflect stronger relative growth, while scores below 100 reflect weaker growth.
- Real GDP Growth — 30% weight: Percent change in real GDP (chained 2017 dollars) over the selected time period. The broadest measure of economic output and the primary driver of the index. Source: BEA SQGDP9.
- Employment Growth — 25% weight: Percent change in civilian employment. Captures the labor market's absorptive capacity and reflects business investment decisions in real time. Source: BLS Local Area Unemployment Statistics (LAUS).
- Personal Income Growth — 20% weight: Real percent change in personal income over the selected time period, deflated by the national PCE price index. Covers wages, salaries, and transfer payments. Source: BEA SQINC1; PCE deflator: BEA NIPA T20304.
- Population Growth — 15% weight: Percent change in resident population. Sustained in-migration expands the labor force and drives demand for housing, retail, and services. Source: BEA SQINC1 LineCode 2.
- Residential Building Permits — 10% weight: Percent change in rolling 12-month total permits issued. A forward-looking indicator of housing construction and developer confidence. Source: Census Bureau BPS via FRED.
- Methodology: Each indicator is standardized relative to the U.S. average using z-scores, then combined using the weights above and scaled so that 100 represents the U.S. average. Extreme values are capped at ±3 standard deviations to reduce outlier influence.