Unemployment Claims and the CLF as a Recession Indicator: September 2025

Published on November 24, 2025

What does the ratio of unemployment claims to the civilian labor force tell us about where we are in the business cycle and recession risk?

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Trusts & Estates: December 2025 Digital Edition

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Features on Estate Planning & Taxation, Fiduciary Professions and Ultra-High-Net-Worth Families & Family Offices

G17: G.17 Annual Revision Released

November 24, 2025
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, manufacturing production, capacity growth, and utilization are revised down over the past five years. Manufacturing output now declines more than 1-1/2%, on net, from Feb 2020 through Aug 2025, whereas output was previously estimated to have risen over that