The Conference Board Employment Trends Index increased in August, suggesting solid job growth in the months ahead.
“While Friday’s jobs numbers were slightly disappointing, the Employment Trends Index does not provide any indication of slowing employment growth,” said Gad Levanon, chief economist for North America at The Conference Board.
August’s increase in the ETI was fueled by the smaller percentage of respondents who said they find jobs hard to get, by industrial production figures, by real manufacturing and trade sales, by initial claims for unemployment insurance, by the ratio of involuntarily part-time to all part-time workers and by the number of temps.
