Calculated Risk has a post showing the Philly Fed State Coincident Indicators which is my favorite aggregate metric because it is calculated on much more mainstreet data. “Twenty five states are showing declining three month activity. The index increased in 18 states, and was unchanged in 7.” It is yet another series that shows how different this recession is: in the past the recession end date was always coincident with 25+ states increasing activity (except for 2001 which was delayed by a month or two), and now we are nine months since the recession will most likely be dated and yet still have a way to go. Fortunately February had 21 states increasing with 22 decreasing, which is closer to the real mark, but at best we can say that it is a highly uneven recovery.