An Employment-Weighted Municipal Stock Index

State and local officials are often tasked with policy decisions that influenced by projections of future economic conditions. However, properly assessing predicting performance is challenging. Common macroeconomic indicators can be helpful, but additional tools needed. Stock indices have traditionally been used in the investment community to evaluate performance. While a recent surge fundamental indexing has led debate over measurement, other uses largely ignored. We introduce an employment-weighted stock index as supplement traditional forecasting measures for policymakers at state levels.