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Employment Trends Index declined slightly in March to 127.65
The Conference Board Employment Trends Index™ (ETI) declined slightly in March. The index now stands at 127.65, down from 127.77 in February. However, that still represents a 5.6 percent gain in the ETI compared to a year ago.
The growth in the Employment Trends Index slowed down in the first quarter of 2015. The combination of the disappointing March employment report and the recent weakness in the ETI suggests that the likelihood of a slowdown in employment has increased. Even so, it is unlikely that job growth in the second quarter would fall much below the trend of 200,000 jobs per month.
In March, the negative contributions from Percentage of Firms with Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers and Percentage of Respondents Who Say They Find “Jobs Hard to Get” more than offset positive contributions from the remaining five components.
Posted: April 6, 2015 Monday 10:00 AM