The Conference Board Employment Trends Index Increased in March
April 9, 2018 | The Conference BoardEstimated reading time: 1 minute
The Conference Board Employment Trends Index (ETI) increased in March, after increasing in February. The index now stands at 107.72, up from 107.31 (a downward revision) in February. The change represents a 5.5% gain in the ETI compared to a year ago.
"The ETI continued its upward trend in March, suggesting that job growth will remain robust in the coming months," said Gad Levanon, Chief Economist, North America, at The Conference Board. "We interpret Friday's disappointing job numbers as noise in an otherwise fast-growing labor market."
March's increase in the ETI was fueled by positive contributions from five out of the eight components. From the largest positive contributor to the smallest, these were: Ratio of Involuntarily Part-time to All Part-time Workers, Industrial Production, Percentage of Firms With Positions Not Able to Fill Right Now, Percentage of Respondents Who Say They Find "Jobs Hard to Get," and Real Manufacturing and Trade Sales.
The Employment Trends Index aggregates eight labor-market indicators, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out "noise" to show underlying trends more clearly.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. Winner of the Consensus Economics 2016 Forecast Accuracy Award (U.S.), The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.
Suggested Items
Taiwan's PCB Industry Sees Growth, Optimism for Q2 2024
09/18/2024 | TPCATaiwan’s PCB industry recorded a total output value of NT$372.2 billion in the first half of 2024, bolstered by strong demand in AI servers, satellite communications, and vehicle electronics. Industry experts remain optimistic about continued growth for the remainder of the year.
IPC White Paper Calls for Comprehensive Roadmap to Address Advanced Packaging to Board-Level Integration Challenges
09/16/2024 | IPCThe increasing complexity of integrated systems demands a holistic approach to design, materials, assembly, reliability, and metrology across all levels of integration, from chip to package to board. IPC’s Technology Solutions group addresses these challenges and suggests a comprehensive roadmap in their new white paper, “Advanced Packaging to Board Level Integration—Needs and Challenges.”
Jabil CEO Michael Dastoor Appointed to Board of Directors
09/13/2024 | JabilJabil Inc. announced that CEO Michael Dastoor has been appointed to the company’s Board of Directors. This appointment follows Dastoor's recent promotion to CEO in May 2024.
Cirtronics Welcomes Patrick Moody as New CEO to Lead Next Era of Growth
09/12/2024 | CirtronicsCirtronics, a leading advanced contract manufacturing firm, is excited to announce the appointment of Patrick Moody as the new President, Chief Executive Officer (CEO), and Board of Directors member. Founder and former CEO Gerardine Ferlins will continue to contribute to Cirtronics’ legacy by remaining on the company’s Board of Directors.
Connect With a New Job at JobCONNECT007
09/10/2024 | I-Connect007 Editorial TeamjobCONNECT007 features job openings for positions that span the entire circuit board supply chain. Whether you’re involved in design, fabrication, assembly, test, or material development or distribution, this handy resource can help you find that new gig. Once you find a position that’s a perfect fit, you can submit your resume directly to the hiring manager simply by clicking on the ad.