Tuesday, January 15, 2013
USA Employment Trends Index at Post-Recession High!
The Conference Board: Employment Trends Index
The December 2012 Employment Trends Index increased +0.83 to 109.02 (preliminary), which is a Post-Great Recession high. The ETI has continued above the 100.00 benchmark for 23 consecutive months, since February 2011. This was after 27 consecutive months below (November 2008 through January 2011).
The ETI continues at historically low levels, below the overall monthly average of 110.48 since January 2000. However, the reading has rebounded to just below the July 2008 level of 110.51, which was during the decline of the ETI into the Great Recession.
Employment Trends Index by Month The Conference Board Employment Trends Index has reached a Post-Great Recession high of 109.02 in December 2012. The Great Recession cyclical low was 87.76 in May 2009. The Pre-Great Recession peak was 123.83 in March 2007.
“After posting a significant increase in December, following an upward revision in November, the Employment Trends Index is improving,” said Gad Levanon, Director of Macroeconomic Research at The Conference Board. “However, if economic activity continues to expand slowly in the first half of 2013, it would be difficult for employers to maintain the current rate of job growth.”
Employment Trends Index by Year The Conference Board Employment Trends Index by Year is the average of the related months. The Great Recession low was in 2009 at 89 and the Post-Great Recession peak has been in 2012 at 108 (preliminary). The Pre-Great Recession Peak was both 2006 and 2007 at 122.
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