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July 11, 2011, 10:00 a.m. EDT
June employment-trends gauge ticks higher
WASHINGTON (MarketWatch) -- A gauge of employment trends ticked higher in June, and is consistent with weak job growth, but not a decline, according to a Monday report from the Conference Board. The private research group said its employment trends index, which is designed to forecast turning points in employment, rose 0.5% in June from the prior month, and is 5.4% higher than the prior year. "It's still below the level of three months ago, which is quite unusual for an expansion," said Gad Levanon, associate director, macroeconomic research, at the Conference Board. "It's a bit of a worry." The employment-trends index is made up of eight labor-market indicators, such as claims for unemployment-insurance benefits.
June employment-trends gauge ticks higher
WASHINGTON (MarketWatch) -- A gauge of employment trends ticked higher in June, and is consistent with weak job growth, but not a decline, according to a Monday report from the Conference Board. The private research group said its employment trends index, which is designed to forecast turning points in employment, rose 0.5% in June from the prior month, and is 5.4% higher than the prior year. "It's still below the level of three months ago, which is quite unusual for an expansion," said Gad Levanon, associate director, macroeconomic research, at the Conference Board. "It's a bit of a worry." The employment-trends index is made up of eight labor-market indicators, such as claims for unemployment-insurance benefits.
Black Monday today? 