Chief Economist Ed Leamer and Ceridian's Craig Manson discuss the PCI's 1.9 percent decline in June, and the effect of a late May 31 Memorial Day holiday on both May and June numbers.
Watch this two minute animated video to understand visually what the index is, how data is collected and what it tells us about the US economy.
07.13.2010Index experts say don’t be misled by June’s drop…there’s more to the number than meets the eye MINNEAPOLIS, Minn., July 13, 2010 – The Ceridian-UCLA Pulse of Commerce Index™ (PCI) by UCLA Anderson School of Management tumbled 1.9 percent in June after its impressive 3.1 percent gain in May. Coming in...
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The Ceridian-UCLA Pulse of Commerce Index™ (PCI) by UCLA Anderson School of Management, adjusted for season and for monthly workdays, fell 1.9% in June, taking away two-thirds of May’s 3.1% gain.
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