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Employment Trends Index increased slightly in May to 111.76
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The Conference Board Employment Trends Index™ (ETI) increased slightly in May. The index now stands at 111.76, up from 111.11 (a downward revision) in April. The ETI figure for May is 3.0 percent higher than a year ago.
While the increase in the Employment Trends Index (ETI) in May erased the small declines of the previous two months, overall, the growth in the ETI has remained weak,” said Gad Levanon, Director of Macroeconomic Research at The Conference Board. “Taken together with other recent indicators of economic activity, the ETI is suggesting that a significant improvement in employment growth is unlikely this summer.”
May’s improvement in the ETI was driven by positive contributions from seven of its eight components. The increasing indicators — from the largest positive contributor to the smallest — were Number of Temporary Employees, Job Openings, Percentage of Firms With Positions Not Able to Fill Right Now, Real Manufacturing and Trade Sales, Percentage of Respondents Who Say They Find “Jobs Hard to Get”, Industrial Production, and Ratio of Involuntarily Part-time to All Part-time Workers.
Posted: June 10, 2013 Monday 10:02 AM