Cleaning & Restoration Breaking News

U.S. economy gauge rises in Nov. 22 week

November 27, 2002
/ Print / Reprints /
/ Text Size+
NEW YORK, Nov 27 (Reuters) - November may have marked a turning point in the U.S. economy as stocks eased off their bubble-bursting lows and fewer Americans filed for first-time unemployment benefits, a research firm said on Wednesday.

The Economic Cycle Research Institute's said on Wednesday its weekly barometer of U.S. economic health rose to 119.3 in the week ended Nov. 22 from 118.1 in the prior week.

"This is more evidence that something has shifted in early November," said Lakshman Achuthan, ECRI managing director. "With three weeks of data we see that the tug-of-war has tilted away from recession."

The index's growth rate, which smooths out weekly fluctuations, rose on the week to -2.7 percent from -3.5 percent.

The Weekly Leading Index is composed of a balance of seven major economic indicators. ECRI designs short- and long-term indexes aimed at predicting business cycles, recessions and recoveries in the world's leading economies.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

1/27/15 2:00 pm EST

Grow Your Business and Improve Operations with New Payment Technology

Attend this free webinar to learn how new developments in payment technology can help you close more jobs, increase upselling opportunities and improve operations.


The winter slow season is a great time to pursue commercial cleaning accounts and stay busy. John "the Hitman" Braun solicited questions from thousands of cleaners across the country regarding their questions on commercial cleaning accounts and answers them in this episode of the show.
More Podcasts

ICS Cleaning Specialist Magazine


2014 Nov/Dec

The Nov/Dec ICS features content on how to get better meter readings, a roundtable on truckmount development, neighborhood marketing and more. Also included is the annual Buyer’s Guide and Directory.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view