Nearly Half the Country Is Not Growing Economically, New Philly Fed Data Show

Michigan, Montana, and West Virginia lead the drop while Nevada tops the nation in growth.
Nearly Half the Country Is Not Growing Economically, New Philly Fed Data Show
President Joe Biden speaks about manufacturing investments in regional clean hydrogen hubs at Tioga Marine Terminal in Philadelphia, Pa., on Oct. 13, 2023. Madalina Vasiliu/The Epoch Times
Andrew Moran
Updated:
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Despite the U.S. economy being projected to grow around 2 percent in the fourth quarter, new Federal Reserve Bank of Philadelphia data show that half the country is not recording any growth, and other states are barely expanding.

The regional central bank recently published the November Coincident Economic Activity Indexes for all 50 states, using four key indicators: non-farm payroll employment, the unemployment rate, average hours worked in manufacturing, and wages and salaries.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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