Another analysis finds Tennessee "treading water"
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Those state-level projections are in line with another analysis that found the Tennessee economy was "treading water."
Why it matters: Slowing immigration, increasing tariffs and federal job cuts are hitting state economies all over the country, according to Mark Zandi, chief economist at Moody's Analytics.
.How it works: Zandi's analysis focuses the state of the economy at the end of August. He created an index looking at state-level jobs data, as well as industrial production, personal income and housing intel.
- The idea was to mimic what the eight-member National Bureau of Economic Research Business Cycle Dating Committee does when it determines if the economy is in a recession.
Between the lines: Tennessee's economy wasn't in a downturn, per Zandi's analysis. But it wasn't going up either.
- Twenty-two states that received a negative index ranking landed in the recession bucket.
The big picture: The states most impacted are the ones more reliant on agriculture and manufacturing. Those sectors are more likely to be impacted by tariff increases, Zandi says.
Reality check: Like NBER's recession call, this is a subjective assessment. But in this case, it's just one economist doing the ranking.