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Employment Trends Index increased in December to 115.76
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The Conference Board Employment Trends Index™ (ETI) increased in December. The index now stands at 115.76, up from 115.72 (an upward revision) in November. The ETI figure for December is 5.2 percent higher than a year ago.
Despite the disappointing job numbers for December, the improvement in the Employment Trends Index is signaling solid employment growth in the months ahead. With the labor force barely growing, partly due to the massive wave of baby boomers retiring, this job growth will continue to rapidly bring down the unemployment rate.
December’s increase in the ETI was driven by positive contributions from six of its eight components. From the largest positive contributor to the smallest, these were: Number of Temporary Employees, Consumer Confidence Survey® Percentage of Respondents Who Say They Find “Jobs Hard to Get,” Job Openings, Industrial Production, Real Manufacturing and Trade Sales, and Percentage of Firms With Positions Not Able to Fill Right Now.
Posted: January 13, 2014 Monday 10:07 AM