The Philadelphia Federal Reserve
released data today on state coincident indexes for March, and the booming, energy-rich North Dakota economy led the country with a 10.7% annual gain, and was second in the country with a 2.9% quarterly increase behind energy-rich West Virginia's 3.44% gain in the first quarter of 2012.
From the Philly Fed:
"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, the unemployment rate, and wage and salary disbursements deflated by the consumer price index (U.S. city average)."