Instant Alert: This map shows how some US states are already in recession

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   This map shows how some US states are already in recession by Elena Holodny on Feb 2, 2016, 12:59 PM Advertisement Overall, the US is growing at a pretty modest pace. But some states aren't doing so well. As the Philly Fed's latest coincident indexes survey shows, seven states — North Dakota, Alaska, Wyoming, Wisconsin, Illinois, Louisiana, and Mississippi — saw economic activity contract during the three months ending in December. It's worth pointing out that North Dakota, Alaska, and Wyoming also saw economic activity contract during the three months ending in September. Meanwhile, Michigan and Oklahoma went sideways, while the other 41 states continued to creep upwards. But only a handful of states saw growth over 1.0% (aka the dark green ones). These coincident indexes combine different state-level indicators to give us a picture of current economic conditions for that state. Notably, this data comes amid renewed fears of a recession following lower stocks, lower oil, and a sagging manufacturing sector. (For what it's worth, North Dakota has a big oil sector.) But, on the bright side, we're doing much better than we were during the darkest days of the recession when all of those states were flashing red. And we have the history to show it. Every month, the Philly Fed publishes a color-coded map tracking economic activity across the country. Red shows economic contraction while blue or green show expansion. The maps start in 2005 when the economy was booming, then got really ugly. We've put them all together below. January 2005 February 2005 March 2005 See the rest of the story at Business Insider   Share the latest business news with your network: Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011