The Conference Board Employment Trends Index™ (ETI) Increased in January
Fourth Straight Month of Growth
NEW YORK, Feb. 6, 2012 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased 0.73% in January to 105.81, from the revised figure of 105.04 in December. The January figure is also up 5.9 percent from the same month a year ago.
"The Employment Trends Index has been improving rapidly for four straight months, suggesting somewhat more robust job growth is likely to continue in this quarter," says Gad Levanon, Director of Macroeconomic Research at The Conference Board. "Beyond that we still remain cautious. We expect sluggish growth in economic activity in the first half of 2012 and therefore we do not foresee the strengthening of the labor market to be sustained in the second quarter of 2012."
This month's strength in the ETI was driven by positive contributions from four of the eight components. The improving indicators include Percentage of Firms With Positions Not Able to Fill Right Now, Number of Employees Hired by the Temporary-Help Industry, Industrial Production, and Real Manufacturing and Trade Sales. Improvement of last two components is based on statistical imputation.
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)
- Part-Time Workers for Economic Reasons (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.
| Employment Trends Index (ETI)™ 2012 Publication Schedule |
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Index Release Date (10 AM ET)
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Data for the Month
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| Monday, March 12 |
February |
| Monday, April 9 |
March |
| Monday, May 7 |
April |
| Monday, June 4 |
May |
| Monday, July 9 |
June |
| Monday, August 6 |
July |
| Monday, September 10 |
August |
| Tuesday, October 9* |
September |
| Monday, November 5 |
October |
| Monday, December 10 |
November |
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*Tuesday release due to holiday |
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SOURCE The Conference Board
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