Conference Board's Employment Trends Index Rises to 129.96
December 05 2016 - 11:20AM
Dow Jones News
A basket of U.S. employment indicators increased in November,
suggesting employers are adding jobs at an accelerating pace.
The Conference Board said its employment trends index rose to
129.96 in November from 128.95 in October. The November figure was
2.7% higher than last year.
The board's employment trends index, which seeks to show
employment trends more clearly by filtering out the volatility of
monthly data, is an aggregate of eight indicators, including
jobless claims, job-openings data from the Bureau of Labor
Statistics, and industrial production figures from the Federal
Reserve.
The report follows the November jobs report released Friday by
the U.S. Labor Department, which showed U.S. employers hiring at a
steady clip and the jobless rate falling to its lowest level in
nine years.
"Moderate employment growth will be enough to make the labor
market even tighter, leading to more visible acceleration in wages
and inflation," said Gad Levanon, chief economist, North America,
at The Conference Board.
In November, six of the basket's gauges rose, driven by the
ratio of involuntary part-time workers to part-time workers.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
December 05, 2016 11:05 ET (16:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.