Conference Board News Release (11/09/15)
The Conference Board Employment Trends Index increased in October. The index now stands at 129.48, up from 128.65 in September (after a downward revision). The change represents a 4.1% gain in the ETI compared with a year ago.
“The [ETI] continues to show solid and broad-based gains, with no significant slowdown in job growth expected through the first quarter of 2016,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Solid job growth and the lack of recovery in labor-force participation suggest that the unemployment rate may dip below 4.5% by this time next year.”