The Conference Board Employment Trends Index™ (ETI)
The Conference Board Employment Trends Index™ (ETI) Increased in February
09 Mar. 2015
The Conference Board Employment Trends Index™ (ETI) increased in February. The index now stands at 127.76, up from 127.62 (a downward revision) in January. This represents a 6.7 percent gain in the ETI compared to a year ago.
“The Employment Trends Index increased for the 14th consecutive time, the longest positive stretch in 30 years,” said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. “Strong job growth and the rapid decline in the unemployment rate are likely to continue, and acceleration in wage growth is just a matter of time.”
February’s increase in the ETI was driven by positive contributions from five of the eight components. In order from the largest positive contributor to the smallest, these were: Percentage of Firms with Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers, Real Manufacturing and Trade Sales, Industrial Production, and Job Openings.
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)**
*Statistical imputation for the recent month
**Statistical imputation for two most recent months
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:
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)™ 2015 PUBLICATION SCHEDULE
Monday, April 6
Monday, May 11
Monday, June 8
Monday, July 6
Monday, August 10
Tuesday, September 8
Monday, October 5
Monday, November 9
Monday, December 7
For further information contact:
Carol Courter 1 212 339 0232 email@example.com
THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.