What does the US State Economic Index measure?

The US State Economic Index measures current economic activity across individual states by combining nonfarm employment, the unemployment rate, manufacturing hours, and inflation-adjusted earnings into a single indicator.

How often is the index published and how far back does it go?

Published monthly by the Philadelphia Fed, the data series goes back to 1979 for all fifty-one state-level jurisdictions in the United States, providing a timely monthly read on regional economies.

What breakdowns are available in this data table?

The table provides coincident economic index values for the United States overall as well as for all individual states and the District of Columbia.

How should index values be interpreted across different states?

The figures are calibrated index numbers rather than dollar amounts or percentages, meaning the analytical value lies in tracking the rate and direction of change over time rather than comparing absolute levels between different states.

US State Economic Index

Name: US State Economic Index
Creator: Philadelphia FED (State Coincident Indexes)
License: https://creativecommons.org/licenses/by/4.0/

US state economic index and monthly coincident activity indicators from the Philadelphia Fed.

Source: Philadelphia FED (State Coincident Indexes)Last updated: Sep 24, 2026, 05:52Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
United States	149.85	149.55	149.26	148.98	148.76	148.52	148.14	148.09	147.77	147.53	147.31	147.16	146.99	146.79	146.7	146.39	146.24	145.94	145.67	145.56	145.27	144.84	144.64	144.4	144.01	143.79	143.56	143.38	143.08	142.8	142.43	142.22	141.86	141.66	141.21	141.01	140.67
BY STATE50
Alabama	139.95	139.52	140.11	140.64	141.24	141.46	141.29	141.06	140.77	140.7	140.08	139.89	139.86	139.71	139.06	138.88	138.7	138.01	137.86	137.18	136.95	136.76	136.58	136.32	136.51	136.23	136.51	136.17	135.94	135.74	135.48	135.18	135.37	135.05	135.24	135.36	135.42
Alaska	125.77	125.45	124.99	124.63	124.38	124.08	123.99	123.86	123.8	123.76	123.81	123.72	123.8	123.66	123.57	123.53	123.34	123.21	123.06	123.01	122.74	122.52	122.44	122.33	122.1	121.98	121.9	121.83	121.66	121.53	121.28	121.08	121	120.89	120.8	120.85	120.62
Arizona	190.55	190.33	190.09	189.91	189.72	189.13	188.88	188.49	188.08	187.56	187.23	186.84	186.36	186.18	185.59	185.18	185.04	184.71	184.2	183.79	183.47	183.25	182.78	182.59	182.22	181.95	181.71	181.4	181	180.91	180.3	179.54	178.24	177.33	176.64	176.44	176.06
Arkansas	150.45	149.89	149.43	149.13	148.89	148.64	148.41	148.24	148.01	147.85	147.63	147.39	147.29	147.11	146.87	146.73	146.51	146.24	146	145.73	145.55	145.34	145.07	144.82	144.47	144.21	143.97	143.64	143.32	143.13	142.73	142.32	142.14	141.85	141.63	141.51	141.27
California	178.06	177.61	177.05	176.5	176.16	175.78	175.09	174.74	173.95	173.54	172.84	172.4	172.01	171.55	171.18	170.85	170.64	170.13	169.71	169.35	168.91	168.59	168.22	167.71	167.27	166.85	166.62	166.42	166.02	165.7	165.46	165.25	164.66	164.36	163.96	163.86	163.59
Colorado	177.94	177.89	177.5	177.09	176.72	176.16	175.79	175.55	175.39	175.16	174.43	174.13	173.59	173.2	172.41	172.38	171.78	171.48	170.97	170.87	170.39	170.01	169.7	169.38	168.88	168.73	168.81	168.3	167.97	167.95	167.45	167.02	166.74	166.44	166.27	166.15	165.89
Connecticut	142.45	141.91	141.67	141.65	141.66	141.94	141.92	142.31	142.51	142.36	143.16	142.92	143	143.29	143.1	143.11	142.9	142.9	142.64	142.7	142.69	142.48	142.46	142.25	142.23	142.03	142.04	141.78	141.51	141.31	141.01	140.54	140.28	140.07	140.08	139.86	139.86
Delaware	151.13	150.46	149.82	148.88	147.88	147.31	147.04	146.81	146.81	146.73	148.27	148.11	148.54	148.91	149.01	149.35	149.07	149.1	149.2	149.55	149.55	149.29	149.24	148.93	148.51	147.86	147.59	147.57	147.3	147.27	146.86	146.26	145.99	145.64	145.11	145.13	144.85
Florida	185.53	184.83	184.22	183.54	183.1	182.77	182.49	182.26	182.19	181.72	181.7	181.34	181.34	181.12	180.9	180.71	180.25	180.01	179.52	179.24	178.74	178.27	177.54	177.4	177.08	176.58	176.11	175.88	175.41	175.14	174.65	174.38	173.9	173.39	172.92	172.62	172.1
Georgia	178.75	178.16	177.91	177.77	177.31	176.76	176.17	175.91	175.53	175	174.55	174.31	174.11	173.77	173.22	173.04	172.61	172	171.64	171.14	170.97	170.51	169.94	169.58	169.17	168.77	168.54	168.19	167.73	167.43	166.85	166.45	166.14	165.64	165.1	164.8	164.24
Hawaii	132.16	132.02	132.38	132.65	132.8	132.22	132.72	132.69	132.69	132.48	131.98	131.54	131.7	130.5	130.36	129.96	129.84	129.76	129.21	129.22	129.06	128.66	128.59	128.06	127.77	127.39	127.3	127.15	126.84	126.92	126.74	126.45	125.89	125.73	125.62	125.6	125.52
Idaho	183.58	182.87	181.95	181.59	181.4	180.59	179.66	179.45	179.56	178.97	178.1	177.77	177.46	177.06	176.44	176.08	175.59	174.84	174.03	173.7	173.23	173.11	172.71	172.27	171.79	171.26	170.79	170.32	170.12	169.63	169.12	168.9	169.1	168.54	168.05	167.56	167.07
Illinois	138.3	137.72	137.18	137	136.78	136.56	136.51	136.62	136.77	136.62	137.01	136.89	137.12	136.94	136.69	136.32	135.92	135.45	135.12	134.94	134.54	134.3	133.93	133.54	133.19	133.01	132.79	132.61	132.42	132.47	132.43	132.27	132.26	132.09	131.9	131.98	131.99
Indiana	144.47	144.09	143.87	143.74	143.48	143.31	142.95	142.45	141.86	141.91	141.43	141.59	141.58	141.17	140.97	140.97	140.78	140.5	139.98	139.57	139.18	138.71	138.47	138	137.75	137.75	137.71	137.52	137.42	137.35	137.37	137.29	137.18	137.1	137.21	137.02	137.03
Iowa	143.93	143.68	143.52	143.25	142.74	142.42	141.95	141.82	141.56	141.38	140.64	140.49	140.08	139.88	139.81	139.4	139.19	139.02	139.03	138.9	138.6	138.43	138.46	138.3	138.42	138.43	138.52	138.65	138.68	138.73	138.5	138.02	137.78	137.52	137.09	136.83	136.6
Kansas	145.82	145.59	145.35	145.08	144.51	144.25	144.04	143.88	143.89	143.71	143.48	143.3	143.33	143.09	142.81	142.34	142.18	141.89	141.6	141.37	141.2	141.22	140.93	140.74	140.55	140.49	140.3	140.28	140.35	140.38	140.62	140.34	140.35	140.32	140.05	139.91	139.84
Kentucky	142.28	142.11	141.92	142.18	142.48	142.5	142.28	141.84	141.38	141.14	140.28	140.11	139.93	139.5	139.29	138.89	138.69	138.44	138.02	137.73	137.38	137.21	137.02	136.83	136.65	136.42	136.26	136.27	136.08	136.12	136.12	135.93	135.92	135.71	135.73	135.54	135.52
Louisiana	117.68	117.18	116.87	116.73	116.68	116.44	116.29	116.14	116.1	115.85	115.58	115.46	115.48	115.35	115.34	115.43	115.56	115.42	115.55	115.22	115.02	114.99	114.79	114.58	114.74	114.55	114.3	114.39	114.18	113.94	113.66	113.53	113.31	113.15	113.25	113.1	112.86
Maine	145.68	145.82	145.7	145.57	145.47	144.98	144.8	144.27	144.03	143.84	143.9	143.83	143.65	143.45	143.19	142.99	142.71	142.52	142.31	142.17	141.9	141.95	141.71	141.76	141.47	141.48	141.55	141.18	141.12	140.9	140.63	140.37	140.05	139.81	139.56	139.61	139.38
Maryland	150.54	150.17	149.72	149.24	148.98	148.93	148.67	148.45	148.37	147.96	148.42	148.28	148.06	148.07	148.1	148.15	148.36	148.4	148.39	148.36	148.37	148.11	148.05	147.75	147.43	147.16	147.12	147.05	146.99	146.71	146.62	146.54	146.31	146.25	146.2	146.4	146.34
Massachusetts	166.42	165.72	165.58	164.68	163.54	163.14	162.38	162.51	162.17	161.87	161.5	161.16	161.17	160.97	160.99	160.73	160.44	160.51	160.18	160.34	160.44	160.13	159.81	159.47	159.14	158.81	158.93	158.59	158.63	158.76	158.42	158.45	158.19	158.21	157.89	158.03	158.09
Michigan	130.68	130.84	130.34	129.96	130.07	129.84	129.69	129.58	129.52	129.4	129.06	128.97	128.87	128.76	128.34	128	127.53	127.11	126.96	126.77	126.74	126.84	126.96	127.03	127.21	127.39	127.74	128.16	128.21	128.67	129	129.04	128.74	128.43	128.23	128.46	128.27
Minnesota	159.28	159.17	158.52	158.05	157.36	156.87	156.56	156.62	156.83	156.58	157.03	156.73	156.94	156.88	156.61	156.67	156.63	156.23	156.2	156.19	156.23	155.94	155.82	155.27	154.91	154.85	154.64	154.56	154.46	154.21	154.06	153.99	153.66	153.35	153.06	152.76	152.43
Mississippi	137.13	136.48	135.87	135.75	135.52	135.15	135.15	135.02	134.92	134.88	134.43	134.32	134.29	133.84	133.52	133.38	133.35	133.07	133.07	132.77	132.56	132.5	132.4	132.54	132.43	132.28	132.34	132.3	132.24	132.03	131.65	131.4	131.15	130.93	130.78	130.6	130.24
Missouri	145.31	144.72	144.13	143.56	143.25	142.68	142.5	142.37	142.1	141.86	141.1	140.81	140.38	140.21	139.98	139.87	139.66	139.45	139.25	139.2	139.44	139.28	139.34	139.11	138.62	138.37	138.26	138.34	138.15	138.22	138.29	138.03	138.14	137.91	137.72	137.84	137.79
Montana	137.46	137.23	136.78	136.64	136.12	136.25	136.28	136.55	136.55	136.83	137.46	137.61	137.58	137.63	137.73	137.86	137.86	137.83	137.94	137.87	137.79	137.72	137.43	136.99	136.93	136.65	136.25	136.06	135.89	135.54	135.2	135.1	135.06	135.06	135.25	135.33	135.44
Nebraska	158.68	158.27	157.89	157.33	156.97	156.34	156.05	156.18	155.89	155.61	155.26	155.02	154.78	154.51	154.24	153.96	153.58	153.23	152.96	152.78	152.48	152.47	152.14	151.81	151.45	151.22	151.17	150.91	150.8	150.55	150.18	149.94	149.84	149.52	149.26	149.24	148.9
Nevada	178.87	177.15	176.08	175.29	174.33	174	173.58	173.17	173.2	172.77	171.8	171.32	171.13	170.56	169.47	169.19	168.34	167.65	166.65	166.32	166	165.49	164.61	164.18	163.51	163.12	163.57	163.29	162.83	163.09	163.29	162.68	162.41	161.7	161.28	161.26	160.38
New Hampshire	179.11	178.85	178.27	177.31	176.54	175.91	175.25	174.85	174.29	174.07	174.27	173.96	173.89	173.54	173.1	172.46	172.03	171.65	171.47	171.41	171.07	170.96	170.84	170.75	170.61	170.14	170.09	169.4	169.37	169.05	168.92	168.48	168.02	167.54	167.09	166.7	166.22
New Jersey	146.98	146.7	146.54	146.09	145.71	145.24	144.64	144.24	143.65	143.41	143.33	143.07	142.81	142.64	142.63	142.84	142.71	142.48	142.44	142.38	142.33	142.1	142.03	141.79	141.46	141.22	141.23	140.94	140.72	140.67	140.42	140.16	139.95	139.68	139.42	139.27	138.98
New Mexico	153.61	152.68	152.06	151.45	151.11	150.76	150.67	150.72	150.86	150.63	150.57	150.33	150.32	150.21	149.97	149.74	149.18	148.98	148.74	148.52	147.94	147.61	147.27	146.98	146.33	146.13	145.88	145.65	145.54	145.52	145.44	145.04	144.76	144.2	144.01	143.7	143.34
New York	143.75	143.42	142.93	142.83	142.61	142.42	142.18	142.03	141.75	141.51	141.69	141.48	141.5	141.5	141.54	141.62	141.55	141.48	141.22	141	140.74	140.52	140.24	139.85	139.57	139.3	139.18	138.88	138.66	138.59	138.31	138.04	137.6	137.35	137.32	137.15	137.12
North Carolina	169.64	169.04	168.61	168.22	167.69	167.08	166.56	166.29	165.91	165.55	165.14	164.9	164.6	164.24	163.9	163.63	163.21	162.68	162.36	162.05	161.67	161.45	161.03	161	160.57	160.18	160.09	159.74	159.29	158.86	158.48	158.06	157.83	157.27	156.92	156.49	156.04
North Dakota	170.86	170.27	169.2	168.45	168.04	167.27	166.39	165.99	165.56	165.37	164.96	164.67	164.36	164.04	163.72	163.42	163.16	162.86	162.55	162.42	162.46	162.17	161.79	161.5	161.11	160.93	160.9	160.78	160.74	160.46	160.39	160.05	159.7	159.45	159.42	159.17	159.12
Ohio	140.69	140.32	139.78	139.46	138.92	138.33	137.86	137.53	137.12	137.03	136.17	136.03	135.77	135.33	134.96	134.65	134.28	134.06	133.74	133.7	133.62	133.62	133.61	133.66	133.53	133.4	133.44	133.21	133.18	133.23	133.16	133.12	132.92	132.72	132.71	132.64	132.61
Oklahoma	146.6	146.39	146.35	146.36	146.35	146.27	145.91	145.78	145.92	145.82	146.16	146.02	146.27	146.3	146.37	146.45	146.22	145.95	145.65	145.43	145.16	144.94	144.69	144.37	143.91	143.6	143.25	143.05	142.6	142.43	142.16	141.75	141.38	141.11	140.94	140.91	140.82
Oregon	169.36	168.87	168.71	168.37	167.94	167.55	167.3	167.06	166.43	166.1	165.92	165.65	165.41	165.07	165	164.72	164.63	164.46	164.42	164.47	164.44	164.5	164.46	164.16	163.93	163.78	163.47	163.06	162.72	162.32	162.14	161.59	161.5	161.42	161.24	161.05	160.82
Pennsylvania	136.77	136.14	135.65	135.32	135.12	134.87	134.7	134.44	133.91	133.58	133.84	133.62	133.47	133.29	133.36	133.38	133.15	132.95	132.96	132.81	132.8	132.56	132.64	132.37	132.37	132.11	131.87	131.86	131.64	131.5	131.29	131.08	130.91	130.69	130.46	130.54	130.3
Rhode Island	140.91	139.97	139.09	138.34	137.53	136.7	136.84	136.99	137.09	136.86	136.71	136.5	136.36	136.58	136.14	135.72	135.47	134.83	134.66	134.52	134.27	134.1	133.84	133.94	133.67	133.42	133.55	133.59	133.81	133.9	133.88	134.01	134.13	134.51	134.92	135.32	135.64
South Carolina	178.51	177.57	176.44	175.38	174.39	173.67	172.96	172.94	172.73	172.43	172.79	172.29	172.24	172.36	171.99	171.87	171.69	171.39	171.17	170.7	170.03	169.33	168.57	167.97	167.46	167.26	167.28	167.39	167.56	167.63	167.51	167.58	167.57	167.44	167.59	167.45	167.22
South Dakota	160.1	160.1	160.01	159.15	158.16	157.28	157.06	157.44	157.26	157.08	157.46	157.13	156.97	157.36	157.13	156.89	156.61	156.3	156.09	155.9	156.2	155.86	155.47	155.15	154.84	155.17	154.96	154.7	154.32	154.58	154.16	153.21	152.91	152.5	152.12	151.78	151.4
Tennessee	167.6	167.35	166.86	166.28	165.94	165.63	165.27	165.37	164.73	164.43	164.03	163.78	163.55	163.21	162.94	162.86	162.56	162.21	161.96	161.63	161.35	160.77	160.43	160.46	160.07	159.99	159.98	159.52	159.44	159.19	158.75	158.35	158.18	157.46	156.99	156.88	156.36
Texas	186.41	185.72	185.51	185	184.66	184.24	183.59	183.33	182.85	182.29	181.95	181.7	181.53	181.09	181.03	180.67	180.19	179.71	179.32	178.86	178.39	177.82	177.41	176.89	176.39	175.75	175.65	175.13	174.41	174.02	173.83	173.19	172.75	172.4	171.96	171.48	170.87
Utah	188.78	187.99	187.62	187.03	186.27	185.64	185.29	184.92	184.69	184.07	184.08	183.94	183.7	183.38	182.79	182.57	182.31	181.73	181.2	181.08	180.55	180.25	179.54	179.03	178.34	177.71	177.45	176.99	176.73	176.74	176.1	175.79	175.47	175.16	174.75	174.66	173.98
Vermont	158.87	158.68	158.44	158.16	157.91	157.64	157.34	156.76	156.43	156.12	156.13	155.82	155.57	155.13	154.95	154.6	154.4	154.16	153.86	153.68	153.57	153.26	153.05	153.04	152.83	152.78	152.46	152.47	152.44	152.18	151.95	151.94	151.57	151.3	151.01	150.73	150.66
Virginia	158.97	158.38	158.01	157.78	157.59	157.31	157.05	157.09	157.05	156.96	156.75	156.69	156.6	156.35	156.32	155.83	155.48	155.17	155.06	154.78	154.63	154.27	153.98	153.9	153.48	153.35	153.09	152.87	152.56	152.3	151.87	151.5	151.16	150.8	150.5	150.47	150.3
Washington	171.31	170.79	169.76	169.61	169.18	169.21	168.85	168.86	168.89	168.42	169.03	168.58	168.64	168.39	168.49	168.16	167.69	167.16	167.23	166.9	166.81	166.28	165.3	165.66	164.82	164.5	163.77	163.39	162.99	162.69	162.27	161.75	161.5	161.04	160.92	160.85	161.09
West Virginia	121.95	121.48	121.03	120.26	119.4	118.6	117.28	117.81	117.65	117.49	119.88	119.76	120.94	121.29	122.48	122.26	122.79	122.64	123.04	123.03	122.35	122.2	122.14	121.47	121.5	120.85	120.89	120.68	120.35	120.19	119.45	119.2	118.98	119.32	119.1	119.55	119.26
Wisconsin	142.56	141.8	141.47	140.97	140.42	139.98	139.97	140.11	140.03	139.78	139.8	139.81	139.71	139.81	139.4	139.29	138.87	138.69	138.32	138.24	138.19	138.31	137.98	137.95	137.69	137.41	137.19	136.99	136.74	136.74	136.44	136.15	136	135.7	135.37	135.26	134.86
Wyoming	129.59	129.47	128.82	128.24	127.78	127.35	127.16	126.92	127.23	127.01	127.05	126.81	127.03	126.89	127.11	127.07	126.9	126.63	126.47	126.36	125.97	125.86	125.64	125.53	125.55	125.17	125.34	125.07	125.24	125.46	125.34	125.42	125.25	125.09	124.94	124.74	124.52

Latest reading

United States stood at 149.85 in Aug 2026. That is +0.2% from Jul 2026 and +2.0% from a year earlier. The series on this page is monthly and runs from Jan 1979 to Aug 2026. Source: Philadelphia FED (State Coincident Indexes).

Latest: 149.85; Aug 2026
vs previous period: +0.2%; Jul 2026
vs a year earlier: +2.0%

About this data

US state economic index and monthly coincident activity indicators from the Philadelphia Fed. The table includes measures for all fifty-one jurisdictions, combining nonfarm employment, unemployment, hours, and earnings. Data series are available monthly since 1979. These index values help analysts track regional business cycles before state GDP releases.

Ranking by state — Aug 2026

All 50 states ranked by the latest reading, Aug 2026. Highest first.

1Arizona190.55
2Utah188.78
3Texas186.41
4Florida185.53
5Idaho183.58
6New Hampshire179.11
7Nevada178.87
8Georgia178.75
9South Carolina178.51
10California178.06
11Colorado177.94
12Washington171.31
13North Dakota170.86
14North Carolina169.64
15Oregon169.36
16Tennessee167.6
17Massachusetts166.42
18South Dakota160.1
19Minnesota159.28
20Virginia158.97
21Vermont158.87
22Nebraska158.68
23New Mexico153.61
24Delaware151.13
25Maryland150.54
26Arkansas150.45
27New Jersey146.98
28Oklahoma146.6
29Kansas145.82
30Maine145.68
31Missouri145.31
32Indiana144.47
33Iowa143.93
34New York143.75
35Wisconsin142.56
36Connecticut142.45
37Kentucky142.28
38Rhode Island140.91
39Ohio140.69
40Alabama139.95
41Illinois138.3
42Montana137.46
43Mississippi137.13
44Pennsylvania136.77
45Hawaii132.16
46Michigan130.68
47Wyoming129.59
48Alaska125.77
49West Virginia121.95
50Louisiana117.68

Frequently asked questions

What does the US State Economic Index measure?: The US State Economic Index measures current economic activity across individual states by combining nonfarm employment, the unemployment rate, manufacturing hours, and inflation-adjusted earnings into a single indicator.
How often is the index published and how far back does it go?: Published monthly by the Philadelphia Fed, the data series goes back to 1979 for all fifty-one state-level jurisdictions in the United States, providing a timely monthly read on regional economies.
What breakdowns are available in this data table?: The table provides coincident economic index values for the United States overall as well as for all individual states and the District of Columbia.
How should index values be interpreted across different states?: The figures are calibrated index numbers rather than dollar amounts or percentages, meaning the analytical value lies in tracking the rate and direction of change over time rather than comparing absolute levels between different states.