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Offbeat Economic Indicators

WNYC's The Takeaway
August 07, 2009

(WNYC) - "Unemployment numbers are due out this morning and economic analyst Lakshman Achuthan, Managing Director of the Economic Cycle Research Institute, joins us with his predictions.

In April, Lakshman predicted that we’d be coming out of the recession this summer. We wanted to road test some of your ideas, so The Takeaway's Femi Oke went looking in unusual places for indications on how the economy is doing. First stop: the ASPCA in New York City, where the rates of pet adoptions tend to follow people's economic well-being. Could the dogs here give us a peek at which direction the economy is going?"

12/08: (ECRI’s) forecast of the recession helped us anticipate reduced merchandise sales; we proactively revised our inventory forecasts down months ago, and that has helped to greatly minimize the inventory swell and need for markdowns.

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