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Employment Trends Index Improved in June to 100.0
The Conference Board Employment Trends Index™(ETI) increased slightly in June to 100.0, up from May’s revised figure of 99.5. The June figure is up 5.4 percent from a year ago.
The behavior of the Employment Trends Index in recent months is consistent with weak job growth, rather than an outright decline. The abysmal uptick in employment in the past two months is not just a reaction to the slowdown in economic activity in the first half of 2011, but also a result of employers becoming downbeat about their hiring needs in the coming months.
This month’s increase in the ETI was driven by positive contributions from three out of the eight components. The improving indicators include Initial Claims for Unemployment Insurance, Percentage of Firms With Positions Not Able to Fill Right Now and Real Manufacturing and Trade Sales, which is a forecasted component.
Posted: July 11, 2011 Monday 10:00 AM