Index of State Economic Momentum
This update gives reason for optimism about the direction and pace of the economic recovery. Particularly encouraging are relatively strong personal income gains in highly populated states and a continuing reduction in both the number of states losing jobs and the magnitude of their losses. While federal policies undoubtedly played a role in the improved personal income numbers (through the ACA Medicaid expansion and Social Security cost-of-living increase), an increase in job creation signals that the personal income numbers should continue to climb in the coming months.