Global and National Shocks Explain A Large Share of State Job Growth

Alexander Chudik, Janet Koech and Mark Wynne

Economic Letter, 2017, vol. 12, issue 10, 4 pages

Abstract: Global and U.S. national shocks on average appear to equally explain more than half of the fluctuations in state employment growth, an important measure of assessing real economic activity. The overall assessment, however, conceals a wide variation among states.

Date: 2017
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