Conference Board jobs index inches up - San Antonio Business Journal:

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The May Conference Board’s Employment Trends Indecx standsat 89.9, up 0.2 percenrt from the revised April figure of But that’s still down 20 percentr from a year ago. “While it is too earlty to say that the ETI has the moderation of the last two months is certainly a sign that the declinde in job losses is real and signalsa that the worstis over,” said Gad senior economist at The Conference Board. “However, we still expect the unemploymenr rate to continue to increase to double digits by the end of this year and into According tothe U.S.
Department of Labor’e June 5 employment report, nonfarm payrollk employment fellby 345,000 in May, aboutt half the average monthly decline for the prior six months. The unemployment rate continuedto rise, moving from 8.9 percent in Aprill to 9.4 percent in May. Arizona’x jobless rate checked in at 7.7 percent in down slightly from 7.8 percent in March. May numbers for the state will be releasecd in roughlytwo weeks. In May, the componentes of the Employment Trends Indes showed amixed picture.
The improving indicatorx were: the percentage of firms with positions they are not able to fillrighft now, percentage of respondents who say they find “jobs hard to real manufacturing and trade sales and job Overall, the Employment Trends Index aggregatezs eight labor-market indicators. The New York-based Conference Board is an independen business-membership and research association working in thepublic interest.