Several forward-looking economic indicators tracked by Staffing Industry Analysts remained challenged in September, but most showed some degree of improvement. Background and analysis Over the course of the month, Economic Cycle Research Institute (ECRI) readings continued to be very bullish. 
The rate of change in the ECRI weekly leading index ended September up 25.1% year-over-year, reflecting an improvement of 330 bps from the revised reading for August of 21.8%. “With weekly leading index growth rising to yet another record high, the economic recovery is highly unlikely to falter in the next few months,” said managing director Lakshman Achuthan. The Conference Board's U.S. leading index of economic indicators, which is updated slightly later than other indicators, registered year-over-year growth of 1.9% in August (the most recent release), an improvement versus its revised growth of 0.5% in July.
Staffing Industry Analysts – By Han Wong, Jon Osborne | Wednesday, October 14, 2009
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