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Employment Trends Index increased in March to 117.52
The Conference Board Employment Trends Index™ (ETI) increased in March. The index now stands at 117.52, up from 117.01 (an upward revision) in February. This represents a 5.1 percent gain in the ETI compared to a year ago.
The increase in the Employment Trends Index in the first quarter is signaling solid job growth in the coming months. With GDP forecasted to average 2.5 to 3.0 percent through the end of this year, there is little reason to expect employment growth to slow any time soon.
March’s increase in the ETI was driven by positive contributions from four of its eight components. In order from the largest positive contributor to the smallest, these were: Initial Claims for Unemployment Insurance, Industrial Production, Number of Temporary Employees, and Real Manufacturing and Trade Sales,
Posted: April 7, 2014 Monday 10:00 AM