Conference Board Confirms Solid Jobs Data, but Warns of Sequestration

Before you go, we thought you'd like these...
Before you go close icon

Auto repairThe Conference Board has released its monthly Employment Trends Index for the month of February, and it very much confirms the strength seen in Friday's nonfarm and private sector payrolls reports from the U.S. Department of Labor. Its index rose to 111.14, up from an upwardly revised figure of 109.93 in January. The February figure is also 3.2% higher when compared to a year ago.

Today's data confirms an improving employment environment. There is a warning though about sequestration, though. The Trends Index said, "However, even though the labor market has gained in recent months, the looming sequester is likely to slow the pace of job creation in the near term." Positive index contributions were seen in seven out of the eight components.

The rising indicators in order of largest positive contributor to the smallest were as follows:

  • Percentage of Firms with Positions Not Able to Fill Right Now
  • Real Manufacturing and Trade Sales
  • Industrial Production
  • Employees Hired by the Temporary-Help Industry
  • Ratio of Involuntarily Part-Time to All Part-Time Workers
  • Job Openings
  • Initial Claims for Unemployment Insurance

Filed under: 24/7 Wall St. Wire, Economy, Labor, Labor & Unions Tagged: featured
Read Full Story


DJIA 20,760.03 -50.29 -0.24%
NASDAQ 5,811.39 -24.12 -0.41%
S&P 500 2,354.88 -8.93 -0.38%
DAX 11,774.03 -173.80 -1.45%
NIKKEI 225 19,283.54 -87.92 -0.45%
HANG SENG 23,965.70 -149.16 -0.62%
USD (per EUR) 1.06 0.00 -0.07%
USD (per CHF) 1.01 0.00 -0.01%
JPY (per USD) 112.37 -0.31 -0.28%
GBP (per USD) 1.25 0.00 -0.35%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners