Em­ploy­ment Trends In­dex Has Risen 5.4% in a Year

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

The Con­fer­ence Board’s Em­ploy­ment Trends In­dex (ETI) grew to 111.61 in De­cem­ber from a down­wardly re­vised 110.23 in Novem­ber, first re­ported as 110.41, and is up 5.4% from a year ago, the group an­nounced Mon­day.

This month’s re­port in­cor­po­rates an­nual re­vi­sions of stan­dard­iza­tion fac­tors.

The in­creas­ing in­di­ca­tors — from the largest con­trib­u­tor to the small­est — were: the per­cent­age of firms with po­si­tions not able to fill right now, per­cent­age of re­spon­dents who say they find “jobs hard to get”, the ra­tio of in­vol­un­tar­ily part-time to all part-time work­ers, ini­tial claims for un­em­ploy­ment in­sur­ance, in­dus­trial pro­duc­tion, num­ber of em­ploy­ees hired by the tem­po­rary-help in­dus­try, and real man­u­fac­tur­ing and trade sales, ac­cord­ing to the Con­fer­ence Board.

The ETI ag­gre­gates eight la­bor-mar­ket in­di­ca­tors, each of which has proven ac­cu­rate in its own area. Ag­gre­gat­ing in­di­vid­ual in­di­ca­tors into a com­pos­ite in­dex fil­ters out so-called “noise” to show un­der­ly­ing trends more clearly.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.