Another V-Sign of Economic Recovery: ECRI
NEW YORK, Dec 18 (Reuters) - A weekly measure of future U.S. economic growth continued to rise, reaching levels hit in the summer of 2008, while its yearly growth rate climbed toward recent record levels, a research group said on Friday, saying this reaffirmed its forecasts of smooth recovery into 2010. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 130.7 in the week ended Dec. 11 from an upwardly revised 130.2 the previous week (see chart above).
NEW YORK, Dec 18 (Reuters) - A weekly measure of future U.S. economic growth continued to rise, reaching levels hit in the summer of 2008, while its yearly growth rate climbed toward recent record levels, a research group said on Friday, saying this reaffirmed its forecasts of smooth recovery into 2010. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 130.7 in the week ended Dec. 11 from an upwardly revised 130.2 the previous week (see chart above).
3 Comments:
During past 9 years, percent of population employed has dropped from 64% in USA to 58%.
In spite of smaller families it still falls fast
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Wow, it looks like the economy has made it back to where it was in 1999.
Here's Why The Economy Is Going To Suck Wind Next Year
by John Mauldin
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