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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Employment Growth Hits New Low


Year-over-year growth in nonfarm payroll jobs has now dropped to a 19-month low, and household job growth has dropped to an 18-month low.

We are now in the Yo-Yo Years as described by ECRI early last year.

ECRI's Lakshman Achuthan shares images and notes from early March presentations in Oslo and Chicago.

Click here to download the presentation with images and notes on the state of the business cycle.

Related News & Events

Recession in the Yo-Yo Years

ECRI March 8, 2013

Year-over-year growth in nonfarm payroll jobs has now dropped to an 18-month low, and household job growth has dropped to a 16-month low. See images and notes on the state of the business cycle. More

 

ECRI WLI Falls

Reuters April 5, 2013

A measure of future U.S. economic growth slipped last week. More

 

Nominal GDP Growth Falls Again

ECRI April 26, 2013

Yoy nominal GDP growth at or below 3.7% has been seen only in recessionary contexts. In Q1/2013, it slipped to 3.4% from 3.5% in Q4/2012. More