Conference Board News Release (10/09/12)
The Conference Board Employment Trends Index decreased again in September, following a downward revision in August. The index now stands at 107.86, down from the revised figure of 108.23 in August. The September figure is 5.4% higher than a year ago.
“The index declined for the third time in four months, suggesting that employment growth will weaken further in the fourth quarter,” says Gad Levanon, director of macroeconomic research at the Conference Board. “The U.S. economy entered a soft patch in the spring and the result has been lackluster job growth, which is likely to continue through the first half of 2013.”