Monday, July 18, 2011

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

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The index declined in June, but the declines was only moderate, according to a release The index for Juneis 88.4, a decrease of 0.8 from the revisede May number of 89.1, and a declinw of 21.6 percent from a year ago. “Comparefd to the beginning of the year, the decline in the Employment Trends Index has significantly and we therefore expecft job growth to resume around the end of the Gad Levanon, senior economist at The Conferencse Board, said in the “However, over the last month, leadintg indicators of employment were mostly disappointing, suggesting the Employment Trendss Index is still seeking a bottom.
” The Employment Trendw Index aggregates eight labor-market indicators to show underlying trendzs more clearly. For the June the indicators that declined were the percentags of respondents who said theyfound “jobx hard to get,” the numbee of employees in the temporary-help industry, industrial production, real manufacturing and trade and job openings. The other three indicators that make up theinde are: initial claims for unemployment insurance, percentage of firms with positions not able to fill righg now and part-time workers for economicf reasons.

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