The Conference Board Employment Trends Index™ (ETI) Increased in October But its six-month growth rate remains under 1 percent for the third straight month

NEW YORK, Nov. 5, 2012 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in October, following a decline in September. The index now stands at 108.16, up from 107.63 (a downward revision) in September. The October figure is 4.6 percent higher than a year ago.

"The Employment Trends Index bounced back in October, but only to the levels of July and August," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "This is still a weak signal. And given the recent sluggishness of economic activity, employment growth is poised to remain slow in the coming months as well."

October's rise in the ETI was driven by positive contributions from six of its eight components. The improving indicators — from the largest positive contributor to the smallest — were Ratio of Involuntarily Part-time to All Part-time Workers, Percentage of Respondents Who Say They Find "Jobs Hard to Get," Initial Claims for Unemployment Insurance, Number of Temporary Employees, Industrial Production, and Real Manufacturing and Trade Sales.

The Employment Trends Index aggregates eight labor-market indicators, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out "noise" to show underlying trends more clearly.

The eight labor-market indicators aggregated into the Employment Trends Index include:

  • Percentage of Respondents Who Say They Find "Jobs Hard to Get" (The Conference Board Consumer Confidence Survey®)
  • Initial Claims for Unemployment Insurance (U.S. Department of Labor)
  • Percentage of Firms With Positions Not Able to Fill Right Now (© National Federation of Independent Business Research Foundation)
  • Number of Employees Hired by the Temporary-Help Industry (U.S. Bureau of Labor Statistics)
  • Ratio of Involuntarily Part-time to All Part-time Workers (BLS)
  • Job Openings (BLS)
  • Industrial Production (Federal Reserve Board)
  • Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis)

The Conference Board publishes the Employment Trends Index monthly, at 10 a.m. ET on the Monday that follows each Friday release of the Bureau of Labor Statistics Employment Situation report. The technical notes to this series are available on The Conference Board website: http://www.conference-board.org/data/eti.cfm.

ABOUT THE CONFERENCE BOARD

The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

www.conference-board.org

 

Employment Trends Index (ETI)™ 2012-2013 Publication Schedule



Index Release Date (10 AM ET)

Data for the Month



Monday, December 10, 2012

November

Monday, January 7

December

Monday, February 4

January

Monday, March 11

February

Monday, April 8

March

Monday, May 6

April

Monday, June 10

May

Tuesday, July 9*

June

Monday, August 5

July

Monday, September 9

August

Monday, October 7

September

Monday, November 4

October

Monday, December 9

November



* Tuesday release due to holiday

 

Follow The Conference Board
Twitter | Facebook | LinkedIn

 

 

SOURCE The Conference Board



RELATED LINKS
http://www.conference-board.org

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.