Mot opptur fra start på Oslo Børs finansavisen.no - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finansavisen.no Daily Mail and Mail on Sunday newspapers.
The Conference Board Employment Trends Index™ (ETI) Increased in March
Strong job growth expected over the coming months
News provided by
Share this article
Share this article
NEW YORK, April 5, 2021 /PRNewswire/ The Conference Board Employment Trends Index™ (ETI) significantly increased in March, after a small decrease in February. The index now stands at 102.44, up from 100.01 (a downward revision) in February. The index is currently up 7.7 percent from a year ago. The Employment Trends Index significantly increased in March and signals that job growth will be very strong over the coming months, said Gad Levanon, Head of The Conference Board Labor Markets Institute. Despite the recent increase in infection rates, the vaccination campaign is progressing at a rate that should significantly reduce the spread of the virus in the next couple of months. Labor intensive in-person services will continue to reopen, and consumers flush with cash due to a year of elevated savin
The Conference Board s Employment Trends Index - which forecasts employment for the next 6 months - significantly increased with the authors saying
The Employment Trends Index significantly increased in March and signals that job growth will be very strong over the coming months .
Analyst Opinion of Conference Board s Employment Index
Econintersect evaluates the year-over-year change of this index (which is different than the headline view) - as we do with our own employment index. The year-over-year index growth rate accelerated by 16.3 % month-over-month and a positive 7.5 % year-over-year. The Econintersect employment index is now in positive territory but now declining and we are predicting slowing growth over the next 6 months.
The Reopening High – But Long-Term Issues Cloud forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
REUTERS/Nick Oxford
US jobless claims totaled 719,000 last week, up from the prior week s revised reading of 658,000.
The reading lands above the median estimate of 678,000 and marks the second jump in three weeks.
Continuing claims fell to 3.79 million for the week that ended March 20.
More Americans filed for unemployment benefits last week as the labor-market rebound hit snags.
New jobless claims reached an unadjusted 719,000 for the week that ended Saturday, the Labor Department announced Thursday. That comes in above the median estimate of 678,000 from economists surveyed by Bloomberg. The Thursday reading also marks the second jump in three weeks.
The previous week s reading was revised lower to 658,000. That report came exactly one year after claims first shot higher at the start of the US coronavirus outbreak. That report marked the first time initial claims landed below 700,000 since the pandemic hit the US roughly one year ago. Though cla