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NY Fed Weekly Economic Index (WEI)

NY Fed notes the decline in the WEI to 1.74% from 1.90% prior is "due to a decrease in the staffing index (relative to the same time last year), which more than offset a drop in continuing unemployment insurance claims."
  • "As an alternative measure, the data for the week ended April 9 indicates a 2.68 percentage point decrease in activity relative to February 2020."

NY Federal Reserve/MNI

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