Conference Board News Release (01/11/16)
The Conference Board Employment Trends Index increased in December. The index now stands at 129.33, up from 128.27 in November. The change represents a 2.6% gain in the ETI compared with a year ago.
“The [ETI] rebounded sharply in December, nearly erasing November’s entire decline,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “However, the slowdown in the ETI growth rate in recent months, combined with weak [gross domestic product] growth in the fourth quarter, suggests that the pace of job growth is likely to slow in the coming months.”