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U.S. Economy

Weekly Economic Index

The Weekly Economic Index (WEI) provides a signal of the state of the U.S. economy based on data available at a daily or weekly frequency. It represents the common component of 10 different daily and weekly series covering consumer behavior, the labor market and production. It is updated Thursday at 10:30 a.m. CT, using data available up to 8 a.m. CT.

NOTE: As of the June 16 update, the alternative measure has been discontinued.

December 1, 2022: Update

  • The WEI is currently 1.49 percent, scaled to four-quarter GDP growth, for the week ended November 26 and 1.39 percent for November 19; for reference, the WEI stood at 1.38 percent for the week ended February 29, 2020.
  • The increase in the WEI for the week of November 26 (relative to the final estimate for the week of November 19) is due to increases in retail sales, steel production, and fuel sales, and a decrease in initial unemployment insurance, which more than offset decreases in tax withholdings, consumer confidence, railroad traffic, and electricity output. The WEI for the week of November 19 was revised downward due to a rise in continuing unemployment insurance claims and a decline in the staffing index.
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    NOTES: When federal holidays occur on a publishing date or change the release schedule for the underlying data, the report is delayed by 24 hours. Data are updated at Federal Reserve Bank of New York and Federal Reserve Bank of Dallas.

WEI Authors

The WEI was developed by Daniel J. Lewis, an economist at the Federal Reserve Bank of New York; Karel Mertens, senior economic policy advisor at the Federal Reserve Bank of Dallas; and James H. Stock, professor of economics at Harvard University.