The Conference Board Employment Trends Index Decreased in November

Conference Board News Release (12/07/15)
The Conference Board Employment Trends Index decreased in November. The index now stands at 128.69, down from 129.75 in October. The change represents a 2.7% gain in the ETI compared with a year ago.
“Despite the strong numbers on job creation in the past few months, the [ETI] posted the largest one month decline since the Great Recession, with five of the eight components contributing negatively to the index,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “While two of the components—initial claims for unemployment and our forecast of job openings—suggest modest adverse developments, their levels are still healthy. However, the past month’s weakness in consumer confidence in job growth and the slowdown in temporary help needs careful watching.”