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January 2021 Conference Board Employment Index: Labor Market Should Rapidly Improve In The Coming Months

The Conference Board s Employment Trends Index - which forecasts employment for the next 6 months - improved with the authors saying
The economy is likely to add 5-6 million jobs through the end of the year, and the unemployment rate will drop well below 5 percent .
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 1.9 % month-over-month and a negative 7.9 % year-over-year. The Econintersect employment index is now in positive territory. The Conference Board index is predicting improving job growth 6 months from now. The bottom line is that I doubt you can forecast using traditional methods what employment will look like six months from today as we are living in a whole different world. ....

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The Conference Board Employment Trends Index™ (ETI) Increased in February

The Conference Board Employment Trends Index™ (ETI) Increased in February
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The Conference Board Employment Trends Index™ (ETI) Increased in January

The Conference Board Employment Trends Index™ (ETI) Increased in January
Uncertainty remains, but a stronger labor market recovery may occur by late spring
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NEW YORK, Feb. 8, 2021 /PRNewswire/ The Conference Board Employment Trends Index™ (ETI) increased in January, the ninth consecutive monthly increase since May of last year. The index now stands at 99.27, up from 98.55 (a downward revision) in December. The index is currently down 10.0 percent from a year ago.
The Employment Trends Index has been increasing in recent months, with the largest contributing component being the number of jobs in the temporary help industry. Over the next few months, expect some uncertainty around job growth, especially if some potentially adverse COVID-19 developments manifest – namely, the rapid spread of more aggressive virus strains. On the upside, however, by spring we expect strong job growth to resume and ....

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The Conference Board Employment Trends Index™ (ETI) Remained Unchanged in December

The Conference Board Employment Trends Index™ (ETI) Remained Unchanged in December
The spread of COVID-19 and resulting policy restrictions halt labor market recovery
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NEW YORK, Jan. 11, 2021 /PRNewswire/ The Conference Board Employment Trends Index™ (ETI) was virtually unchanged in December, after seven consecutive monthly increases that started in May. The index now stands at 99.01, down from 99.05 (an upward revision) in November. The index is currently down 9.2 percent from a year ago.
The latest Employment Trends Index numbers signal that the labor market recovery has paused, and in the coming months employment will likely remain stagnant or even dip, said Gad Levanon, Head of The Conference Board Labor Markets Institute. As the number of COVID-19 cases continues to rise and downside risks grow, it appears unlikely that the labor market will resume its recovery over the next few months. We ....

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