The Conference Board is an independent, non-partisan, and non-profit organization that provides business insight. As a part of its services, it tracks employment trends by combining information from a variety of sources into one index – The Employment Trends Index.
This index is currently at 132.64 which by itself does not mean that much until you compare it to the Index reading of the same time last year. The Index has improved 4.1% over the course of the last twelve months.
“The Employment Trends Index has been expanding rapidly in 2017, suggesting that robust job growth will continue into the summer,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “A tight labor market is about to get much tighter, with solid employment growth occurring at a time when there is almost no growth in the working-age population.”
Pulled all together, this is good news for the general jobs market for those looking for jobs.
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