Index of State Economic Momentum

This update of the index presents mixed good news for states. On the one hand, personal income growth is positive for the first time in several quarters, and employment changes are on the verge of being positive. On the other hand, some of the recent improvement in personal incomes is attributable to funding provided to states and individuals through the economic recovery act. Inasmuch as funding from that legislation is winding down, there could be some clouds forming on the horizon.