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Employment Trends Index increased in August to 121.29
The Conference Board Employment Trends Index™ (ETI) increased in August. The index now stands at 121.29, up from 120.62 (an upward revision) in July. This represents a 6.4 percent gain in the ETI compared to a year ago.
The strong increase in the Employment Trends Index in recent months signals robust job growth through the fall. The disappointing employment numbers for August seem to be a one-month deviation from a stronger trend.
August’s increase in the ETI was driven by positive contributions from seven of its 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, Industrial Production, Ratio of Involuntarily Part-time to All Part-time Workers, Real Manufacturing and Trade Sales, Number of Temporary Employees, Job Openings, and Percentage of Respondents Who Say They Find “Jobs Hard to Get.”
Posted: September 8, 2014 Monday 10:00 AM