Employment trends upward

The Employment Trends Index rose in May for the ninth consecutive month, at 95.7, up from April’s revised figure of 95.2

The index is up almost 9 percent from a year ago, its publisher, the Conference Board, reported. The index is published on the Monday following each month’s Friday release of Bureau of Labor Statistics employment report.

“The ongoing growth in the EPI suggests that the disappointing uptick in payroll employment in May could just be a one-month blip, and that jobs will likely expand further in the next several months,” said Gad Levanon, associate director for macroeconomic research at the Conference Board, a nonprofit research organization based in New York. “However, as some of the components of the ETI have yet to signal robust gains, the pace of recovery in employment remains moderate.”

Source: Business Journal