Labor trends index forecasts modest job growth

A monthly measure of labor trends keeps rising, forecasting continued job growth, albeit at a modest pace.

The Conference Board reported that its Employment Trends Index (ETI) rose 1.6 points in February to 101.7. With gains in each of the last five months, the ETI has advanced more than 8 percent in the last year.

The ETI combines into one index eight labor market indicators. For February, seven of the eight indicators advanced.

The increase in the ETI signals accelerating job growth over the next couple of quarters, said Gad Levanon, associate director of macroeconomic research for the Conference Board, a business research and membership group.

Levanon added a caveat, however: “With a shrinking government, a stagnant construction sector and a manufacturing recovery that has only a small impact on overall employment, overall job growth will still be modest.”
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
  • Connect With The Business Times Staff:
  • Facebook
Read More Articles by

Short URL:

Posted by on Mar 7 2011. 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


Past Articles

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