Conference Board jobs index inches up - Pacific Business News (Honolulu):

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The May Conference Board’s Employment Trendw Index standsat 89.9, up 0.2 percent from the revised Aprilo figure of 89.7. But that’s still down 20 perceny from ayear ago. “While it is too earlhy to say that the ETIhas bottomed, the moderatio n of the last two months is certainlg a sign that the decline in job lossea is real and signals that the worstt is over,” said Gad Levanon, senior economisft at The Conference Board. “However, we still expectr the unemployment rate to continue to increase to doubl digits by the end of this year and into According tothe U.S.
Department of Labor’s June 5 employmenft report, nonfarm payroll employment fellby 345,000 in May, abourt half the average monthly decline for the prior six The unemployment rate continued to rise, movin g from 8.9 percent in April to 9.4 percent in May. In May, the componentsd of the Employment Trends Index showeds amixed picture. The improvinfg indicators were: the percentage of firme with positions they are not able to fillrighgt now, percentage of respondentse who say they find “jobs hard to get,” real manufacturinbg and trade sales and job openings. the Employment Trends Index aggregateseight labor-market indicators.
The New York-basedd Conference Board is an independent business-membership and researchu association working in thepublivc interest.