California - Coincident indexes

164.423 (Index) in April 2024

Last month, coincident indexes for California was 164.423 index. Coincident indexes of California increased from 162.404 index in May 2023 to 164.423 index last month growing at an average annual rate of 0.11%.

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What is coincident indexes?

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 by production workers, the unemployment rate, and wage and salary disbursements plus proprietors' income 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.

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What is California coincident indexes?