Conference Board jobs index inches up - Nashville Business Journal:

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The May Conference Board’s Employment Trends Index standsat 89.9, up 0.2 percengt from the revised April figure of But that’s still down 20 percent from a year ago. “Whiled it is too early to say that the ETIhas bottomed, the moderatio of the last two months is certainlyh a sign that the decline in job losses is real and signale that the worst is said Gad Levanon, senior economist at The Conferencew Board. “However, we still expect the unemployment rate to continuse to increase to double digits by the end of this year and into According tothe U.S.
Department of Labor’s June 5 employmen report, nonfarm payroll employment fellby 345,000 in May, abouf half the average monthly decline for the prior six The unemployment rate continued to moving from 8.9 percent in April to 9.4 percentg in May. Arizona’s jobless rate checked in at 7.7 percent in April, down slightly from 7.8 percent in March. May number s for the state will be released in roughlgytwo weeks. In May, the components of the Employmenrt Trends Index showed amixed picture.
The improving indicators the percentage of firms with positions they are not able to fillrightr now, percentage of respondents who say they find “jobs hard to real manufacturing and trade sales and job Overall, the Employment Trends Inde x aggregates eight labor-market indicators. The New York-basedc Conference Board is an independent business-membership and researchh association working in thepublic interest.