Research >> Economics
Employment Trends Index increased in November to 115.21
|
The Conference Board Employment Trends Index™ (ETI) increased in November. The index now stands at 115.21, up from 113.64 (a downward revision) in October. The ETI figure for November is 5.3 percent higher than a year ago.
Largely a reflection of the 16-day government shutdown, October’s apparent decline in the Employment Trends Index was more than reversed by the large November increase. Despite disappointing consumer-demand growth in recent quarters, the ETI is still signaling solid employment growth in the months ahead.
November’s increase in the ETI was driven by positive contributions from all eight of its components. From the largest positive contributor to the smallest, these were: Initial Claims for Unemployment Insurance, Percentage of Firms With Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers, Industrial Production, Real Manufacturing and Trade Sales, Number of Temporary Employees, Consumer Confidence Survey® Percentage of Respondents Who Say They Find “Jobs Hard to Get,” and Job Openings.
Posted: December 9, 2013 Monday 10:00 AM