The Conference Board Employment Trends Index
(ETI) increased in March for the sixth month in a row. The March index rose to 100.9, up from 100.3 in February. Compared to March last year, the ETI has increased by 8%.
Says Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board: “The Employment Trends Index started signaling acceleration in employment growth late last year, which we are now experiencing. In the last six months, employment excluding construction and state and local government has been growing faster than almost any other 6-month period in the past decade. We do not expect a turnaround in those sectors, which are still lagging, nor do we forecast acceleration in overall economic growth in the next several quarters. As a result, employment growth is likely to continue growing at its current rate and not improve further for the rest of 2011.”