Conference Board Leading Economic Index: Difference between revisions

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'''[[The Conference Board]] Leading Economic Index''' is an [[United States|American]] economic [[leading indicator]] intended to forecast future economic activity. It is calculated by [[The Conference Board]], a [[non-governmental organization]], which determines the value of the index from the values of ten key [[Variable (mathematics)|variables]]. These variables have historically turned downward before a [[recession]] and upward before an [[expansion]]. The single index value composed from these ten variables has generally proved capable of predicting recessions over the past 50 years.{{Citation needed|date=April 2010}}

* The [[United States Department of Labor]]’s monthly report on the unemployment rate, average hourly earnings and the average workweek hours from the Employment Situation report