Research >> Economics
Employment Trends Index increased in October to 123.09
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The Conference Board Employment Trends Index™ (ETI) increased in October. The index now stands at 123.09, up from 121.91 (an upward revision) in September. This represents a 7.7 percent gain in the ETI compared to a year ago.
The Employment Trends Index continues to increase rapidly, with all eight components improving in October. The index is signaling solid job growth through the winter. As a result, we could see the unemployment rate reach its natural rate of 5.5 percent by early Spring.
October’s increase in the ETI was driven by positive contributions from all 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, Initial Claims for Unemployment Insurance, Ratio of Involuntarily Part-time to All Part-time Workers, Number of Temporary Employees, Industrial Production, Percentage of Respondents Who Say They Find “Jobs Hard to Get,” Real Manufacturing and Trade Sales, and Job Openings.
Posted: November 10, 2014 Monday 10:00 AM