Conference Board Employment Index declines in September
New York City -- The Conference Board Employment Trends Index, released Tuesday, showed a decrease in September to 100.95, down from the revised figure of 101.37 in August. The September figure is up 4.4% from the same month a year ago.
According to Gad Levanon, director of macroeconomic research at The Conference Board, “Despite the somewhat better than expected employment numbers released on Friday, the decline in the Employment Trends Index in September suggests that weak job growth is likely to continue for the rest of 2011. Even as the economy remains slow going into the next year, we do not expect a major acceleration in layoffs, because employers have kept their workforce quite lean since the 2008/09 recession.”