Research >> Economics
Employment Trends Index increased in May to 118.58
|
The Conference Board Employment Trends Index™ (ETI) increased in May. The index now stands at 118.58, up from 117.32 (a downward revision) in April. This represents a 5.4 percent gain in the ETI compared to a year ago.
The Employment Trends Index continues to signal solid job growth with an improvement in each of its eight components in the first five months of 2014. The need for employers to rapidly expand their payroll in light of strengthening economic activity is a major factor in the rapid decline in the unemployment rate.
May’s increase in the ETI was driven by positive contributions from seven of its eight components. In order from the largest positive contributor to the smallest, these were: Industrial Production, Initial Claims for Unemployment Insurance, Real Manufacturing and Trade Sales, Ratio of Involuntarily Part-time to All Part-time Workers, Number of Temporary Employees, Job Openings, and Percentage of Respondents Who Say They Find “Jobs Hard to Get.”
Posted: June 9, 2014 Monday 10:00 AM