[Data: U.S. Leading Economic Indicators Continue to Deteriorate, U.S. Economy Already in Recession] BlockBeats News, December 6, Kobeissi Letter released data showing that U.S. leading economic indicators continue to deteriorate. The ratio of leading economic indicators to coincident economic indicators has dropped to 0.85, the lowest level since 2008, and this ratio has been declining for four consecutive years. The Conference Board Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations, new manufacturing orders, weekly working hours, and initial jobless claims. Meanwhile, the Coincident Economic Index (CEI) measures the current state of economic development in real-time, such as non-farm payrolls. Historically, every time this ratio has experienced such a significant decline, the U.S. economy has already been in a recession.