Sunday, September 5, 2010

Conference Board's employment index dips - Portland Business Journal:

http://brouj.org/investment/cyprus.html
The index declined in June, but its decline was only moderate, according to a release Monday. The index for June is a decreaseof 0.8 from the revised May number of 89.1, and a declined of 21.6 percent from a year ago. “Compares to the beginning of the year, the decline in the Employmenrt Trends Index hassignificantly moderated, and we thereforr expect job growth to resume around the end of the year,” Gad senior economist at the Conference Board, said in the “However, over the last leading indicators of employment were mostly disappointing, suggesting the Employmeny Trends Index is stillk seeking a bottom.
” The Employment Trends Indedx aggregates eight labor-market indicators to show underlying trends more clearly. For the June index, the indicators that declinesd were the percentage of respondents who said theyfounds “jobs hard to get,” the numbef of employees in the temporary-help industry, industrial real manufacturing and trade sales; and job openings. The othert three indicators that make up theindex are: initial claims for unemployment insurance, percentage of firmes with positions they are not able to fill right now, and part-timer workers for economic reasons.

No comments:

Post a Comment