Virginia’s Economy Is Doing Fine

President Trump tweeted this a couple of hours ago, one day before the Virginia election for governor:

Naturally, everyone is now arguing about how well Virginia has been doing since Terry McAuliffe took over in January 2014. Unemployment is down! But GDP is meh! What’s the real deal?

Let me save you all some trouble. The Philadelphia Fed maintains something called the “coincident economic activity index” that’s a blend of employment, hours worked, and wages. It’s designed to provide a wide-angle look at how the entire economy is doing in each state. Here it is for Virginia compared to the country as a whole:

Since McAuliffe took over, Virginia’s economic activity index has grown slightly faster than the rest of the country. It’s not enough to make much of a difference, and I doubt the governor really has much influence over it anyway, but there it is.

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And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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