Weekly Leading Index Increases
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ECRI’s U.S. Weekly Leading Index (WLI) increased to 145.9, as the growth rate rose to 11.0%, a 198-week high.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.
The WLI is one of many ECRI U.S. leading indexes, including some with longer leads over cyclical turning points in economic growth.
Please see below for public statements ECRI has made about our cyclical outlook:
For people with one job, we’ve recouped two-thirds of recessionary job losses. In contrast, for those working multiple jobs to make ends meet, we’ve seen only a 40% bounce-back, and their ranks have thinned since summer. pic.twitter.com/L207eOqLzP
— Lakshman Achuthan (@businesscycle) December 4, 2020
Now barely above Great-Recession lows, the Covid-recession jobs recovery has slowed further. pic.twitter.com/AvBVAUaRIa
— Lakshman Achuthan (@businesscycle) December 4, 2020
If you don’t appreciate that inflation is cyclical you’re going to be repeatedly blindsided, and that’s a clear and present danger today. Listen to our long form @MacroVoices podcast, starting at 22:32, here: https://t.co/oo5N7JHcB9 pic.twitter.com/wfhFOMbFwq
— Lakshman Achuthan (@businesscycle) November 13, 2020
For a quick glance at the WLI’s recent performance, please see the chart below.
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