Business Cycle Index
The BCI at 185.0 is down from last week’s downwards revised 186.2. No recession is signaled by both the derived indicators; BCIg, expressed to one decimal place at 21.3 is down from last week’s 21.7, and BCIp at 88.7 indicates that, for this business cycle, BCI is slightly down from it’s previous peak.
The downturn of BCI is mainly explained by the sharp rise (+142,000) in the continued claims of the insured unemployed.
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