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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Oct 13 2015

VW Scandal Clouds German Job Market

The Volkswagen scandal has cast a cloud over the German economy, which has otherwise been a source of Eurozone strength, with German unemployment at just 6.4%, contrasting starkly with the double-digit rates seen elsewhere in the region.

Even as the vital auto industry continues to lick its wounds from the Volkswagen crisis, the consensus believes that German labor market prospects remain bright. Against that backdrop, ECRI’s latest update to the German Leading Employment Index provides unique job market insight, including implications for the broader German growth outlook.

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