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Employment Trends Index Increased in January to 105.81
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The Conference Board Employment Trends Index™ (ETI) increased 0.73% in January to 105.81, from the revised figure of 105.04 in December. The January figure is also up 5.9 percent from the same month a year ago.
The Employment Trends Index has been improving rapidly for four straight months, suggesting somewhat more robust job growth is likely to continue in this quarter. Beyond that we still remain cautious. We expect sluggish growth in economic activity in the first half of 2012 and therefore we do not foresee the strengthening of the labor market to be sustained in the second quarter of 2012.
This month’s strength in the ETI was driven by positive contributions from four of the eight components. The improving indicators include Percentage of Firms With Positions Not Able to Fill Right Now, Number of Employees Hired by the Temporary-Help Industry, Industrial Production, and Real Manufacturing and Trade Sales. Improvement of last two components is based on statistical imputation.
Posted: February 6, 2012 Monday 10:00 AM