Despite widespread hints that the recession has ended and a generally rosy outlook for tomorrow's job numbers, economic activity fell in half of U.S. states over the past three months, according to this great map that Calculated Risk pulled from the Federal Reserve Bank of Philadelphia.
In its monthly report, the Philadelphia Fed reported that while the coincident index rose nationally and in 18 states over the quarter, it also dropped off in 25 states. (A coincident index is a single value, derived from a series of economic indicators, that the Fed uses to monitor the health of the economy. If the index rises, it suggests an increase in economic activity, while a decrease indicates a contraction.)
As Vincent Fernando at The Business Insider points out, these uneven outcomes may help explain why so many Americans are dubious that the country is emerging from the downturn.
Check out the CHART below: