Saturday, May 25 2013 6:56 PM EDT2013-05-25 22:56:57 GMT
It wasn't exactly barbecuing weather today as Memorial Day weekend got off to a rainy and chilly start. And it's no surprise the rain put a damper on holiday activities. Saturday of Memorial Day weekendMore >>
It wasn't exactly barbecuing weather today as Memorial Day weekend got off to a rainy and chilly start. And it's no surprise the rain put a damper on holiday activities.More >>
Friday, May 24 2013 9:54 PM EDT2013-05-25 01:54:42 GMT
An Au Sable Forks, New York theater is one of ten in the North Country doing what it can to stay open. "We'll be dark. There will be no movies shown in these theaters and you'll have toMore >>
After being denied a state grant, a number of North Country theaters could go dark by the end of the year. That's because Hollywood is getting rid of film movies, which is what those theaters rely on. But they're not giving up yet.More >>
Friday, May 24 2013 8:51 PM EDT2013-05-25 00:51:11 GMT
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path. Governor Shumlin was at the site of the hardestMore >>
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path.More >>
Friday, May 24 2013 7:25 PM EDT2013-05-24 23:25:36 GMT
Beansie's Bus is situated right along the start and finish of the race so they're looking to get swamped by hungry customers Sunday but rain too. "Unfortunately the weather might not cooperate," Beansie'sMore >>
VCM organizers making sure they have cold/rainy weather equipment for runners.More >>
Friday, May 24 2013 6:21 PM EDT2013-05-24 22:21:38 GMT
Damaged homes, washed out roads, and now major clean-up.In just a few hours heavy rains flooded much of Northern Vermont. Hardest hit were Essex, Jericho, and Underhill.The torrential rains Thursday nightMore >>
Damaged homes, washed out roads, and now major clean-up.More >>
Friday, May 24 2013 2:15 PM EDT2013-05-24 18:15:28 GMT
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon. A press release says that if possible, motorists should avoid downtown Burlington on Sunday,More >>
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon.More >>
Friday, May 24 2013 1:07 PM EDT2013-05-24 17:07:11 GMT
The Thunder Road Memorial Classic has been postponed until Monday. Officials say they are postponing due to the upcoming inclement weather expected this weekend. Here's the updated schedule of events:7:30amMore >>
The Thunder Road Memorial Classic has been postponed until Monday.More >>
Friday, May 24 2013 12:26 PM EDT2013-05-24 16:26:27 GMT
The Essex Memorial Day Parade has been canceled due to inclement weather predictions. According to Essex Memorial Day Parade Committee, the parade has been postponed one week to Saturday June 1 at 10 a.m.More >>
The Essex Memorial Day Parade has been postponed due to inclement weather predictions.More >>
Friday, May 24 2013 11:31 AM EDT2013-05-24 15:31:32 GMT
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.Police say Stephanie Rivers, 24, and Victoria Hammond, 23, bothMore >>
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.More >>
Friday, May 24 2013 10:29 AM EDT2013-05-24 14:29:26 GMT
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help. The New York State Energy Research and Development Authority has some recommendationsMore >>
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help.More >>
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SOURCE The Conference Board
NEW YORK, May 17, 2013 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.6 percent in April to 95.0 (2004 = 100), following a 0.2 percent decline in March, and a 0.4 percent increase in February.
Says Ataman Ozyildirim, economist at The Conference Board: "After a slight decline in March, the U.S. LEI rebounded in April, led by housing permits and the interest rate spread. Labor market conditions also contributed, although consumers' outlook on the economy remains weak. In general, the LEI points to a continuing economic expansion with some upside potential. Meanwhile, the CEI, a measure of current conditions, has returned to a slow growth path, despite declining industrial production in April."
Says Ken Goldstein, economist at The Conference Board: "The index is 3.5 percent higher (annualized) than six months ago, suggesting expansion. However, the biggest risk right now is the adverse impact of cuts in federal spending. The biggest positive factor is the potential for improvement in the recovering housing and labor markets. The biggest unknown is the resiliency in confidence, both consumer and business."
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in April to 105.6 (2004 = 100), following a 0.2 percent increase in March, and a 0.5 percent increase in February.
The Conference Board Lagging Economic Index® (LAG) increased 0.1 percent in April to 118.4 (2004 = 100), following a 0.2 percent increase in March, and no change in February.
Summary Table of Composite Economic Indexes
Oct to Apr
n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board
About The Conference Board Leading Economic Index® (LEI) for the U.S. The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The ten components of The Conference Board Leading Economic Index® for the U.S. include:
Average weekly hours, manufacturing Average weekly initial claims for unemployment insurance Manufacturers' new orders, consumer goods and materials ISM Index of New Orders Manufacturers' new orders, nondefense capital goods excluding aircraft orders Building permits, new private housing units Stock prices, 500 common stocks Leading Credit Index™ Interest rate spread, 10-year Treasury bonds less federal funds Average consumer expectations for business conditions
About The Conference Board The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org