Employment Trends Index up 1.38% in February
New York City -- The Conference Board reported Monday that its Employment Trends Index increased 1.38% in February to 107.46, from the revised figure of 105.99 in January.
The February figure is also up 6.1% from the same month a year ago.
“The acceleration in the ETI suggests that rapid job growth is likely to continue in the next several months, despite modest improvements in demand and production,” said Gad Levanon, director of macroeconomic research at The Conference Board. “In the past year output per hour of work grew very slowly. If this trend continues, employment growth could remain robust even if GDP continues to grow at a modest 2% to 2.5%, as we expect.”