Maybe It Isn’t As Bad As It Seems
Chart of the Week for September 10-16, 2004
Investors have been bombarded with conflicting reports about the state of the economy in recent weeks. Economic indicator reports frame the headlines with either good or bad news almost daily and the stories vary. The chart above shows the percent change so far in 2004 for some of these indicators and they all seem positive, except rising inflation measured by CPI. Even the jobless claims, shown in red, is positive because it is indicating a decrease in initial claims for unemployment. It appears from this chart that people are making more money, continuing to shop, buying new homes, and jobs are slowly becoming more available. All-in-all, not a bad outlook for such confusing news.
* This illustration was compiled by information provided by Bloomberg L.P., which is an information services, news and media company serving customers around the world. Bloomberg L.P. is not affiliated with the ICMA-RC (“ ICMA-RC ”). This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. Individuals are advised to consider any new investment strategies carefully prior to implementing. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 1-800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240, or by visiting