Florida Government Index
Definition:
The index is the arithmetic mean of two components; the first is monthly revenue for the state of Florida (reflecting only general revenue sources) and the second is government employment in Florida for the same month. The former is deflated by the growth in the labor force and the latter is deflated by the Consumer Price Index.
Source:
Office of Economic and Demographic Research, St. Louis Federal Reserve.
Frequency:
TBD In recent years, Florida government spending and jobs has become less stable; therefore, this data plays a more crucial role in predicting economic conditions than in the past.
