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Friday, September 30, 2011

ECRI says Jobs To Get Worse Under Recession-Bound U.S. Economy

The Economic Cycle Research Institute, ECRI - a New York-based independent forecasting group, released its latest readings for its proprietary Weekly Leading Index (WLI) today. (More about ECRI)

ECRI's Weekly Leading Index Falls: Jobs To Get Worse Under Recession-Bound U.S. Economy
  • ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down – before the Arab Spring and Japanese earthquake – to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes.
  • ...the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not “soft landings.”
  • "if you think this is a bad economy, you haven’t seen anything yet."
For a better understanding of ECRI's indicators, read its book, "Beating the Business Cycle."
Book: Beating The Business Cycle
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