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Economy - Economics USA
Proposed Federal Law Will 'Garnish Wages' from Paychecks of Student Loan Holders

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Federal Reserve
The market is now pricing in a greater likelihood of an interest-rate cut than a hike

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Healthcare
Two-Thirds Of All US Bankruptcies Are Primarily Caused By Medical Bills, New Study Finds

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Economy - Economics USA
US Consumer Price Growth Slowest Since Sept 2016 As Gas Prices Plummet

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Economy - Economics USA
Household Debt Up 18 Consecutive Quarters to a New Record, Card Stress Rising

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Economy - Economics USA
West Coast real estate is now so expensive that married couples are moving in...

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Government
AOC's Green New Deal Is a U.S. Version of Mao's Disastrous Great Leap Forward

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Economy - Recession-Depression
We're Overdue For A Sell-Everything/No-Fed-Rescue Recession

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Illinois
1 Comments in Response to The Philly Fed's Graph From Hell - Still think were not in a recession?
The Federal Reserve Bank of Philadelphia produces a monthly coincident index for each of the 50 states. The indexes are released a few days after the Bureau of Labor Statistics (BLS) releases the employment data for the states. The Bank issues a press release each month describing recent trends in the state indexes, with special coverage of the three states in the Third District: Pennsylvania, New Jersey, and Delaware.
The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic. The four state-level variables in each coincident index are nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index (U.S. city average). The trend for each state’s index is set to the trend of its gross domestic product (GDP), so long-term growth in the state’s index matches long-term growth in its GDP.
A dynamic single-factor model is used to create the state indexes. James Stock and Mark Watson developed the basic model for constructing a coincident index for the U.S. Theodore Crone and Alan Clayton-Matthews adapted the basic model for the states. The method involves a system of five major equations: one equation for each input variable and one equation for an underlying (latent) factor that is reflected in each of the indicator (input) variables. The underlying factor represents the state coincident index. The model and the input variables are consistent across the 50 states, so the state indexes are comparable to one another.