Labor index forecasts slowing job growth

A monthly index tracking labor trends has slipped, signaling slowing job growth in the United States.

The Conference Board reported that its Employment Trends Index edged down to 107.82 in November for the fourth decline this year. The latest reading remains 3.3 percent higher than a year ago, however.

“The Employment Trends Index remains weak and suggests that employment growth over the next several months is likely to slow again,” said Gad Levanon, an economist with the Conference Board, a business research and membership group. “Employment growth typically lags economic growth. And with the economy expected to decelerate in the current quarter and early 2013, a slowdown in employment won’t be far behind.”

The Employment Trends Index combines eight labor market indicators. For November, an increase in initial claims for unemployment insurance pushed down the index.

The Business Times has served as the definitive source for Grand Junction business news since 1994. The journal offers news, views and advice you can use twice each month in print with daily updates online at www.TheBusinessTimes.com
  • Connect With The Business Times Staff:
  • Facebook
Read More Articles by

Short URL: http://thebusinesstimes.com/?p=10425

Posted by on Dec 10 2012. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Post Your Thoughts Below

Comments are closed

Sponsor

The Business Times Newspaper . 609 North Avenue Suite #2 . Grand Junction, CO 81501 . 970-424-5133
Log in