February U of O Index of Economic Indicators

Professor Duy and the University of Oregon released the Index of Economic Indicators last week.
The University of Oregon Index of Economic Indicators partially rebounded from January’s sharp decline, rising 0.6 percent in February to 102.4, based on a 1997 benchmark of 100.
Click on any graph for a sharper image.
As a general rule of thumb, a decline of 3.5 percent over six months, coupled with a decline in more than half of its components, signals that a recession is likely imminent.
On the job market:

Labor market data were mixed in February. Consistent with softer economic conditions, nonfarm payrolls declined during the month as firms shed a net 1,600 employees and year-over-year job growth decelerated to 0.7 percent. On a more positive note, initial unemployment claims registered a decline after seven consecutive monthly increases. Further rises in initial claims from January levels would signal a pace of job losses typical of recessions, […]

Original post by Clint8200

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