Every time we turn around, there’s another sign that the economy is hurting. On Monday, The Conference Board released its Employment Trends Index (ETI). The October index of 105.3 was down 1.8% from September and 12% from a year ago. The ETI has been declining for the past 15 months.
And Gad Levanon, senior economist with The Conference Board, isn’t optimistic about the near future. The sharp decline in the ETI in recent months suggests we will experience even greater deterioration in the labor market in the months ahead.”Demand for goods and services are down, and companies are responding by slashing their workforces, Levanon says. The reductions likely will continue for several quarters until the economy starts to see recovery.
But layoffs don’t have to be the …
Layoffs Not Employers’ Only Option in Tough Economy
Every time we turn around, there’s another sign that the economy is hurting. On Monday, The Conference Board released its Employment Trends Index (ETI). The October index of 105.3 was down 1.8% from September and 12% from a year ago. The ETI has been declining for the past 15 months.
And Gad Levanon, senior economist with The Conference Board, isn’t optimistic about the near future. The sharp decline in the ETI in recent months suggests we will experience even greater deterioration in the labor market in the months ahead.”Demand for goods and services are down, and companies are responding by slashing their workforces, Levanon says. The reductions likely will continue for several quarters until the economy starts to see recovery.
But layoffs don’t have to be the …
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