Em­ploy­ment Trends In­dex Sug­gests Solid Jobs Growth

The Bond Buyer - - Market News - — Gary E. Siegel

The Con­fer­ence Board’s Em­ploy­ment Trends In­dex rose to 135.57 in Oc­to­ber from 132.86 in Septem­ber, first re­ported as 132.74, and is up 5.4% from a year ago.

“The bounce back in the Em­ploy­ment Trends In­dex in Oc­to­ber was one of the largest monthly in­creases ever, and comes af­ter two de­clines be­cause of the hur­ri­canes,” Gad Le­vanon, econ­o­mist at the Con­fer­ence Board, said Mon­day.

“As ex­pected, the ETI picked up and con­tin­ued its strong up­ward trend, sug­gest­ing that em­ploy­ment growth will re­main solid in the com­ing months.”

The in­creas­ing in­di­ca­tors were: ini­tial claims for un­em­ploy­ment in­sur­ance, per­cent­age of firms with po­si­tions not able to fill right now, ra­tio of in­vol­un­tar­ily part-time to all part-time work­ers, in­dus­trial pro­duc­tion, real man­u­fac­tur­ing and trade sales, num­ber of em­ploy­ees hired by the tem­po­rary-help in­dus­try, con­sumer con­fi­dence “jobs hard to get” per­cent­age, and job open­ings, ac­cord­ing to the Con­fer­ence Board.

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