Today, the Conference Board Employment Trends Index was reported to have continued its decline in September, suggesting at least by this measure that the latest spate of job losses may not the last. The index fell in September to 108.4, down 0.8% from the August revised figure of 109.3, and down almost 10% from a year ago.
The 14-month fall in the Employment Trends Index was seen in all eight of its components, most notably over the past six months in temporary-help hires and part-time workers for economic reasons.
The Employment Trends Index aggregates eight labor-market indicators:
- Percentage of respondents who say they find Jobs Hard to Get” (The Conference Board Consumer Confidence Survey)
- Initial …
