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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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May 13 2013

Outlook for U.K. Labor Market

With stronger-than-expected U.K. GDP data recently cheering the consensus, fears of a triple-dip U.K. recession have been assuaged. However, with U.K. unemployment elevated and employment growth continuing to decline, is talk of a “healing” economy premature?

In this context, the latest updates to ECRI’s U.K. Leading and Coincident Employment Indexes reveal whether the state of the U.K. labor market is likely to turn around in the months ahead, or whether jobs will continue to be an Achilles heel for the U.K. economy.

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What Wealth Effect?

ECRI May 31, 2013

The latest drop in consumer spending is consistent with the recessionary plunge in yoy U.S. import growth into negative territory. More