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Employment Trends Index Decreased in September to 100.95
The Conference Board Employment Trends Index™ (ETI) decreased in September to 100.95, down from the revised figure of 101.37 in August. The September figure is up 4.4 percent from the same month a year ago.
Despite the somewhat better than expected employment numbers released on Friday, the decline in the Employment Trends Index in September suggests that weak job growth is likely to continue for the rest of 2011. Even as the economy remains slow going into the next year, we do not expect a major acceleration in layoffs, because employers have kept their workforce quite lean since the 2008/09 recession.
The Employment Trends Index aggregates eight labor-market indicators, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out so-called “noise” to show underlying trends more clearly.
Posted: October 11, 2011 Tuesday 10:00 AM