The Conference Board Employment Trends Index declined in December, following an increase in November. The index now stands at 109.68, down from an upwardly revised 110.51 in November. The decrease marks a 1.2% decline in the ETI over the past 12 months.
The ETI “continues to be on a flat trend since the summer of 2018,” said Gad Levanon, head of the Conference Board Labor Markets Institute. “In the current state of the labor market, a flat index is consistent with an ongoing labor market expansion. We expect job growth to remain solid and the labor market to continue tightening.”