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Employment Trends Index increased in February to 116.39
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The Conference Board Employment Trends Index™ (ETI) increased in February. The index now stands at 116.39, up from 115.99 (a downward revision) in January. This represents a 4.4 percent gain in the ETI compared to a year ago.
February’s job report and the ongoing improvement in the Employment Trends Index should provide some relief for those concerned about weakness in the U.S. economy and labor market. The majority of the ETI’s components have been steadily rising in recent months, suggesting solid job growth will continue in the coming months.
February’s increase in the ETI was driven by positive contributions from six of its eight components. In order from the largest positive contributor to the smallest, these were: Number of Temporary Employees, Job Openings, Real Manufacturing and Trade Sales, Industrial Production, Consumer Confidence Survey® Percentage of Respondents Who Say They Find “Jobs Hard to Get,” and Ratio of Involuntarily Part-time to All Part-time Workers.
Posted: March 10, 2014 Monday 10:00 AM