Real-time measures of US economy show collapse in activity and employment
Weekly indicators point to a 12% contraction in the current quarter
|Stephen Kirchner||May 7|
At USSC’s blog, I take a look at some of the real-time measures of the US economy and preview this week’s labour market reports. The Lewis-Mertens-Stock weekly economic index, which is scaled to match US GDP, points to a contraction of around 12% in the current quarter.