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Gauge of economy slipsPosted by Retirement on: 2005-09-16 12:06:15 in category:
401(k) [ Print | Permalink / 0 Comment(s) ] NEW YORK (Reuters) - A jump in initial jobless claims after Hurricane Katrina caused a leading index of the U.S. economy to slip in the latest week, a report said on Friday. The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index edged down to 135.3 in the week ended September 9 from a downwardly revised 135.8 in the prior week. The index's annualized growth rate eased to 2.9 percent from 3.1 percent. This is the second reading of the weekly leading index since Hurricane Katrina hit the U.S. Gulf Coast on August 29. "Before Hurricane Katrina the weekly leading index growth rate was firm and even with data after the hurricane it is holding up fairly well," said Anirvan Banerji, director of research at ECRI. "The post-Katrina data that we have affirms that the economy is still quite resilient," he said. Homepage Please support are sponsors. To design you custom retirement plan. http://www.retirement-plan.us For planing a IRA rollovers. http://www.ira-rollover.us Professional asset allocation and the wonders it can do. http://www.asset-allocation.us Professional money management: National ranked performance. http://www.roth-ira.us Managers selected to fit your needs. http://www.money-managers.us |
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