September 2010: Percent of Leaders Expanding Remains at 100; Cyclical Score of Leaders Decreases to 89
There is no evidence yet of a double-dip recession in our statistical indicators of business-cycle conditions. But the pace of the recovery remains anemic. Some economists, such as Paul Krugman (writing in The New York Times, August 27), say it no longer matters whether we call it a U-shaped or a W-shaped (“double-dip”) recovery. Either way, the economy seems mired in a slow-growth track with few signs of anything improving soon—and certainly not the unemployment rate of 9-plus percent.