More reasons to ignore the headlines and look at the data: The Conference Board Employment Trends Index (ETI), rose in May for the ninth straight month. The index is up over 9% from the prior year.
“The ongoing growth in the Employment Trends Index suggests that the disappointing uptick in payroll employment in May could just be a one-month blip, and that jobs will likely expand further in the next several months,” said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board.
The ETI aggregates eight labor-market indicators into a composite index. This process provides a clearer picture of the true underlying trends.
Anecdotally - I've spoken with two regional competitors, and three large regional installation companies, and they all indicate a small but sustained uptick in business.
Deep calming breath everyone...
“The ongoing growth in the Employment Trends Index suggests that the disappointing uptick in payroll employment in May could just be a one-month blip, and that jobs will likely expand further in the next several months,” said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board.
The ETI aggregates eight labor-market indicators into a composite index. This process provides a clearer picture of the true underlying trends.
Anecdotally - I've spoken with two regional competitors, and three large regional installation companies, and they all indicate a small but sustained uptick in business.
Deep calming breath everyone...
