Conference Board jobs index inches up - Business Courier of Cincinnati:

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The May Conference Board’s Employment Trends Indedx standsat 89.9, up 0.2 percent from the revised Aprikl figure of 89.7. But that’s still down 20 percenf from ayear ago. “While it is too earlyt to say that the ETI has the moderation of the last two months is certainlh a sign that the decline in job losses is real and signalsx that the worst is saidGad Levanon, seniotr economist at The Conference Board. “However, we stilpl expect the unemployment rate to continue to increaser to double digits by the end of this year and into According tothe U.S.
Departmenf of Labor’s June 5 employmenf report, nonfarm payroll employmenf fellby 345,000 in May, about half the average monthly decline for the prior six months. The unemployment rate continuedto rise, moving from 8.9 percent in April to 9.4 percent in May. Arizona’a jobless rate checked in at 7.7 percent in down slightly from 7.8 percent in May numbers for the state will be released in roughly two In May, the components of the Employment Trends Index showed a mixes picture.
The improving indicators were: the percentage of firmsd with positions they are not able to fillrighrt now, percentage of respondents who say they find “jobs hard to real manufacturing and trade salesx and job openings. Overall, the Employment Trends Indec aggregateseight labor-market indicators. The New York-basede Conference Board is an independen business-membership and research association working in thepublic