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How we feel about this economy matters, of course.

What we know matters, too.

From American public media.

This is Marketplace.

In Los Angeles, I'm Kyle Rizz.

All right is Thursday.

Today, this one is the 21st of November.

Good as always to have you along, everybody.

Let us stipulate here right at the outset that the vibes of this economy are real because as we know how people feel about their economic lives does matter. That said, a good dose of data every now and

then can be really useful, something a little more objective that might tell us where the economy

is at present and sometimes a bit about where it's

going. It's convenient then that we got just such a dose of data today, the conference board's

leading economic index, sometimes called in the vernacular, the index of leading economic

indicators, it crunches together 10 different forward-looking indicators to suss out what economic growth is going to look like in the short-term future.

Last month, it turns out, the LEI was down by 4 tenths percent after being down in September and August and all the way back to earlier this year.

What might that portend, do you suppose? Marketplace's Mitchell Hartman

is on the economic crystal ballgazing desk for us today.

The leading economic index is designed to predict future growth. It uses data on manufacturing,

home building, unemployment, interest rates, stock prices, and consumer sentiment.

...