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Employment Trends Index increased in February to 127.76
The Conference Board Employment Trends Index™ (ETI) increased in February. The index now stands at 127.76, up from 127.62 (a downward revision) in January. This represents a 6.7 percent gain in the ETI compared to a year ago.
The Employment Trends Index increased for the 14th consecutive time, the longest positive stretch in 30 years. Strong job growth and the rapid decline in the unemployment rate are likely to continue, and acceleration in wage growth is just a matter of time.
February’s increase in the ETI was driven by positive contributions from five of the eight components. In order from the largest positive contributor to the smallest, these were: Percentage of Firms with Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers, Real Manufacturing and Trade Sales, Industrial Production, and Job Openings.
Posted: March 9, 2015 Monday 10:00 AM