Friday, November 20, 2015

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – November 20, 2015 Update

As I stated in my July 12, 2010 post (“ECRI WLI Growth History“):
For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are.
However, I do think the measures are important and deserve close monitoring and scrutiny.
Below are three long-term charts, from Doug Short’s blog post of November 20, 2015 titled “ECRI Weekly Leading Index:  ‘Multiple Jobholders Boost 'Full-Time' Employment’.”  These charts are on a weekly basis through the November 20, 2015 release, indicating data through November 13, 2015.
Here is the ECRI WLI (defined at ECRI’s glossary):
This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
Dshort 11-20-15 - ECRI-WLI-YoY -1.6 percent
This last chart depicts, on a long-term basis, the WLI, Gr.:
I post various economic indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2089.17 as this post is written

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