Chicago Fed national activity index lower in Aug

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    Chicago Fed national activity index lower in Aug
    Mon Sep 28, 2009 8:30am EDT


    CHICAGO, Sept 28 (Reuters) - U.S. economic activity slipped
    in August, hurt by ongoing weakness in the labor market even as production indicators improved, a report from the Federal Reserve Bank of Chicago showed on Monday.

    The Chicago Fed said its National Activity Index was minus 0.90 in August, down from minus 0.56 in July...

    The index has been negative, indicating below-trend growth,
    since June 2007. The three-month moving average, which smooths out monthly volatility, was minus 1.09 in August

    The Chicago Fed has traditionally targeted a level of +0.20 in the three-month average to suggest a recession is over.
     

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