Conference Board's Employment Index Fell in November
December 11 2017 - 11:22AM
Dow Jones News
By Allison Prang
After a strong increase in October, an index that measures U.S.
employment fell in November.
The Conference Board's Employment Trends Index fell to 135.88.
In October, the revised index was 136.23. Of the eight indicators
the index takes into account, three of them -- including percentage
of firms with positions not able to fill right now and initial
claims for unemployment insurance -- were negative.
Gad Levanon, the Conference Board's chief economist for North
America, said that October was "one of the largest monthly
increases ever."
"The ETI is still on an upward trend and suggests that
employment is likely to continue to grow in the months ahead," he
said in prepared remarks.
The Conference Board's employment trends index, or ETI, combines
eight market indicators, including industrial-production figures
from the Federal Reserve, job openings from the Bureau of Labor
Statistics and jobless claims from the U.S. Department of Labor.
The index filters out volatility in data to more clearly reveal
underlying trends in employment conditions.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
December 11, 2017 11:07 ET (16:07 GMT)
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