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All HCQIs are defined as events to be avoided such that a higher rate on the indicator is indicative of poorer performance.
If the indicator is accurate, the October figure will prove to be the high rate for this cycle.
The indicator is based on a 1 percentage point increase in the unemployment rate over a 12-month period.
The indicator is now only slightly above its long-term average.
The indicator is compiled from surveys of the industrial, services, consumer, construction and retailing sectors.
The indicator "is now above the level of the 2006/2007 boom," Ifo said in a press release.
The indicator is compiled from data on more than 1,500 Internet job boards, including Monster's, and corporate-career Web sites.
Although the visible change of the indicator is usually a colour change, in some cases it is a formation or disappearance of a turbidity.
The indicator is based on the notion that it is darkest just before the dawn — that when the economic news becomes bad enough, the stock market's likely subsequent direction is up.
The indicator is surprisingly predictive.
The indicator is a negatively-oriented score.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com