Calculated Risk economist Bill McBride posts monthly commentary on the Federal Reserve Bank of Phildelphia's release of 50 state coincident economic indexes, and December 2015's show that the oil price decline is a drag on at least 7 states' economies.

McBride notes that the measures consist primarily of employment data at the state level, and that the map was all red during the worst of the Great Recession, and is mostly green now. He writes:

Five states have seen declines over the last 6 months, in order they are Wyoming (worst), North Dakota, Alaska, Montana, and Louisiana - mostly due to the decline in oil prices.

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