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Employment Trends Index increased in January to 127.86
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The Conference Board Employment Trends Index™ (ETI) increased in January. The index now stands at 127.86, up from 127.17 (a downward revision) in December. This represents a 7.6 percent gain in the ETI compared to a year ago.
The Employment Trends Index suggests that strong job growth is likely to continue through the first half of the year. As a result, wage growth will accelerate, thereby increasing pressure on profitability which is already suffering from low productivity growth and the strong dollar.
January’s increase in the ETI was driven by positive contributions from six of the eight components. In order from the largest positive contributor to the smallest, these were: Percentage of Respondents Who Say They Find “Jobs Hard to Get,” Real Manufacturing and Trade Sales, Industrial Production, Percentage of Firms With Positions Not Able to Fill Right Now, Job Openings, and Ratio of Involuntarily Part-time to All Part-time Workers.
Posted: February 9, 2015 Monday 10:00 AM