Employment Index Rose in January
By Cara Lombardo
After increasing in December, an index measuring employment trends rose again in January.
The Conference Board Employment Trends Index rose to 106.93 in January from 106.59 in December. The change is a 5.4% gain from a year ago.
Gad Levanon, the Conference Board's chief economist for North America, said the index shows no sign of slowing down.
"A strong U.S. economy provides additional tailwinds to employment growth, bringing down the unemployment rate even further and encouraging more men and women to join the labor force," he said.
The Conference Board's employment trends index, or ETI, combines eight market indicators, including industrial-production figures from the Federal Reserve, job openings from the Bureau of Labor Statistics and jobless claims from the U.S. Department of Labor. The index filters out volatility in data to more clearly reveal underlying trends in employment conditions.
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(END) Dow Jones Newswires
February 05, 2018 10:39 ET (15:39 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.