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Gross state product is the total market value of all newly produced final goods and services in a state over a given period of time. These estimate are usually provided at a quarterly frequency (four times a year).
Initial jobless claims is a primary leading macroeconomic indicator. The data here describe the number of first time or initial claims for unemployment benefits statewide. The underlying theory is that a stronger economy will lead to more people employed, thus the number of people that are newly unemployed should drop.
The house price index is an aggregate measure of housing prices in geographic area. It is calculated with a combination observed sales pricing data and housing appraisal data by the U.
Louisiana’s leading economic index is a generated index variable that predicts the six month ahead growth rate of Louisiana’s coincident economic index. It adds some variables to the coincident index that lead the state economy.