Philly Fed state coincident indexes show growth in Georgia, most of nation

It’s been a pretty good fourth quarter for economic data, especially the recent drop in unemployment rates in the nation as a whole and in Georgia specifically.

Now, there are lots of negative trends in that employment data, and there are all sorts of cautionary provisos that should be made before we assume that the more solid growth of late 2011 will carry over into early 2012.

But note the widespread growth according to the Philadelphia Federal Reserve. Georgia’s relatively slow growth puts it in the lowest dozen of states for the November index.

The Philly Fed’s most recent 6-month forecast of leading indexes, published a month ago, foresees continued slow growth in Georgia through the spring, with most of our neighbors doing better.