The
Connecticut Economic Scorecard gauges the directional month-to-month
movement of 6 state economic indicators. The graph contains a 6-month
trailing moving average.
All data is from FRED: https://fred.stlouisfed.org/
The 6-month trailing smoother is useful for visualizing the state’s economic performance.
The relationship between the smoother and the underlying index can be instructive. For instance, one can infer better tidings when the index surpasses the smoother.
Data Treatment:
The Initial Claims series was summed to represent a monthly series, subsequently inverted to represent a movement in the positive direction as an improvement.
The CT Economic Scorecard index is by the Bridge Legal Economics Research Department. https://www.bridgelegaleconomics.com/