The Economic Cycle Research Institute's Weekly Leading Index weakened slightly, falling to 121.8 from last week resulting in the all important annualized “growth” component showing a value of -7.9 and continuing to suggest a recession call on the part of the ECRI’s economics staff.
Some 103,000 new jobs in September doesn't mean the recession risk has been wiped away. Rather, it shows the US economy walking a knife-edge line between tepid growth and decline.
His aim is to add 2.5 million jobs. But job totals are dropping sharply now.
April saw only 20,000 jobs lost, and unemployment improved to 5 percent.