May 29, 2009
Graph of the Day: Philly Fed State Coincident Index, 1979-2009
From Calculated Risk: 
The graph is of the monthly Philly Fed data of the number of states with one month increasing activity. Most of the U.S. has been in recession since December 2007 based on this indicator. Almost all states showed declining activity in April. Still a widespread recession. …
Philly Fed State Coincident Indexes
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