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Employment Trends Index increased in November to 110.18
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The Conference Board Employment Trends Index™ (ETI) increased in November, following a decline in October. The index now stands at 110.18, up from 109.96 (a downward revision) in October. The increase marks a 0.1 percent gain in the ETI over the past 12 months.
“The Employment Trends Index increased in November, suggesting solid job growth will continue in the coming months,” said Gad Levanon, Head of The Conference Board Labor Market Institute. “Recently published indicators held on better than expected, suggesting that businesses are less cautious than expected and that economic growth will remain solid, despite a very tight labor market and declining corporate profits.”
November’s increase was fueled by positive contributions from five of the eight components. From the largest positive contributor to the smallest, these were: the Percentage of Firms With Positions Not Able to Fill Right Now, the Ratio of Involuntarily Part-time to All Part-time Workers, Industrial Production, Real Manufacturing and Trade Sales, and the Number of Employees Hired by the Temporary-Help Industry.
Posted: December 9, 2019 Monday 10:00 AM