You are presented with the following information about the economy. In each case, describe whether the economy is particularly strong, average, or particularly weak.
(a) The median value of initial unemployment claims is 400,000, and the current value is 415,000.
(b) The median value of initial unemployment claims is 400,000, and the current value is 305,000.
(c) In the US, the median value of the ISM Purchasing Managers Index is about 52.5, and the current value is 58.9.
(d) In the US, the median value of the University of Michigan Consumer Confidence Index is about 89.2, and the current value is 73.6.
Correct Answer:
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