Conference Board News Release (12/08/14)
The Conference Board Employment Trends Index rose in November to 123.24, from a downwardly revised 122.8 in October. This represents a 6.1% gain in the ETI compared with a year ago.
“The [ETI] increased for the 11th straight month in November, and recent solid improvements suggest that strong job growth is likely to continue into early next year,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “We will probably reach the natural rate of unemployment, 5.5%, within a few months, and these tighter labor market conditions should lead to acceleration in wage growth.”
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