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Conference Board's Employment Trends Index declines; continued slow job growth

13-Oct-2010 8:51 AM

US' Employment Trends Index (ETI) declined (12-Oct-2010) moderately in Sep-2010 to stand at 97.0, down from Aug-2010’s revised figure of 97.3, according to The Conference Board. The index is up 9.3% year-on-year but up just 0.6% from Apr-2010 levels. [more]

The Conference Board: “While continued slow job growth remains the most likely scenario over the next several months, The Conference Board ETI suggests that the likelihood of another episode of job losses is increasing. As employment lags changes in the economy, and with GDP growth forecasted to slow even further in early 2011, we may see negative job numbers next year,” Gad Levanon, Associate Director, Macroeconomic Research. Source: Company Statement, 12-Oct-2010.