Alternative Business Cycle Indicators

Blog: Econbrowser

Abstract

The key indicators followed by the NBER Business Cycle Dating Committee, in light of today's employment release, is discussed here. However, several alternative indicators have been proposed (some of dubious usefulness, like Vehicle Miles Traveled and gasoline consumption). Here's a graph over the corresponding time period, normalized to 2022M11. Figure 1: Heavy truck sales (blue, […]