NYT: US Economy - U.S. Economic Indicators Weaker Than Expected

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A private forecast of economic activity over the next six months edged up less than expected in October, signaling slow growth next year. The Conference Board says its index of leading economic indicators rose 0.3 percent last month. Economists polled by Thomson Reuters had expected a gain of 0.5 percent. The index climbed 1 percent in September. The Conference Board forecasts economic activity by measuring claims for jobless benefits, stock prices, consumer expectations, building permits for private homes, the money supply and other data. On the jobs front, the number of newly laid-off workers seeking unemployment insurance was unchanged last week, while those continuing to claim benefits declined.