Research >> Economics
Employment Trends Index increased in January to 116.61
The Conference Board Employment Trends Index™ (ETI) increased in January. The index now stands at 116.61, up from 115.62 (downwardly revised) in December. This represents a 6.0 percent gain in the ETI compared to a year ago.
Despite weak job reports in December and January, the Employment Trends Index is not signaling a slowdown in employment growth. We expect solid job growth and rapid declines in the unemployment rate to continue in the coming months.
January’s increase in the ETI was driven by positive contributions from six of its eight components. In order from largest positive contributor to smallest, these were: Ratio of Involuntarily Part-time to All Part-time Workers, Initial Claims for Unemployment Insurance, Industrial Production, Real Manufacturing and Trade Sales, Number of Temporary Employees, and Consumer Confidence Survey® Percentage of Respondents Who Say They Find “Jobs Hard to Get.”
Posted: February 10, 2014 Monday 10:00 AM