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Weekly Leading Index Slips


A leading index of the U.S. economy slipped slightly in the latest week...

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) fell to to 132.3 in the week ended Nov. 26 compared with 132.7 the previous week...

The index's annualized growth rate, which smooths out weekly fluctuations, stayed flat at 0.1 percent.

"Despite the volatility in economic releases like the monthly jobs figures, the weekly leading index is telling us that U.S. growth prospects have improved slightly but remain subdued," said Lakshman Achuthan, managing director of ECRI.

The government reported on Friday the U.S. economy generated only 112,000 jobs in November while economists surveyed by Reuters had expected the U.S. Labor Department to report that 180,000 jobs had been created.