|By PR Newswire||
|August 4, 2014 10:01 AM EDT||
NEW YORK, Aug. 4, 2014 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in July. The index now stands at 120.31, up from 119.92 (an upward revision) in June. This represents a 6.6 percent gain in the ETI compared to a year ago.
"The six-month growth rate in the Employment Trends Index is the strongest in over two years, suggesting solid job growth is likely to continue in the coming months," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "The pickup in economic activity in recent months will likely increase the need and willingness of employers to accelerate hiring."
July's increase in the ETI was driven by positive contributions from five of its eight components. In order from the largest positive contributor to the smallest, these were: Initial Claims for Unemployment Insurance, Job Openings, Industrial Production, Number of Temporary Employees, 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.
*Statistical imputation for the recent month
**Statistical imputation for two most recent months
SOURCE The Conference Board
Aug. 30, 2016 05:45 AM EDT Reads: 2,448
Aug. 30, 2016 03:45 AM EDT Reads: 475
Aug. 30, 2016 02:30 AM EDT Reads: 1,856
Aug. 30, 2016 02:00 AM EDT Reads: 2,240
Aug. 30, 2016 01:30 AM EDT Reads: 3,051
Aug. 30, 2016 01:15 AM EDT Reads: 2,347
Aug. 30, 2016 01:00 AM EDT Reads: 1,939
Aug. 30, 2016 12:00 AM EDT Reads: 1,668
Aug. 29, 2016 10:00 PM EDT Reads: 2,491
Aug. 29, 2016 08:30 PM EDT Reads: 2,450
Aug. 29, 2016 08:15 PM EDT Reads: 1,877
Aug. 29, 2016 08:00 PM EDT Reads: 926
Aug. 29, 2016 07:00 PM EDT Reads: 1,985
Aug. 29, 2016 06:45 PM EDT Reads: 855
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Aug. 29, 2016 06:15 PM EDT Reads: 359