Conference Board Employment Trends Index; September 2020

The Conference Board Employment Trends Index™ (ETI) Increased in September

Job Growth to Continue, But at a Slower Pace

NEW YORK, October 5, 2020…The Conference Board Employment Trends Index™ (ETI) increased in September, following increases in May, June, July, and August. The index now stands at 54.80, up from 53.30 (an upward revision) in August.

“The Employment Trends Index increased again in September, but over the last two months its gains have been more modest, indicating that job growth may be slowing down,” said Gad Levanon, Head of The Conference Board Labor Markets Institute. “The labor market has rebounded better than expected, but with the virus still proliferating, it will not be able to return to its full capacity any time soon. Many companies are restructuring their organizations and layoff rates are high. Despite the US economy growing more slowly, it may still be able to generate a million new jobs by year’s end.”

September’s increase was fueled by positive contributions from all eight components. From the largest positive contributor to the smallest, the components were: the Ratio of Involuntarily Part-time to All Part-time Workers; Initial Claims for Unemployment Insurance; the Percentage of Respondents Who Say They Find “Jobs Hard to Get”; Real Manufacturing and Trade Sales; the Percentage of Firms With Positions Not Able to Fill Right Now; Job Openings; the Number of Employees Hired by the Temporary-Help Industry; and Industrial Production.

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.

The eight labor market indicators aggregated into the Employment Trends Index include:

*Statistical imputation for the recent month

**Statistical imputation for two most recent months

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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