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Conference Board: Employment Trends Index increased in February

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Conference Board: Employment Trends Index increased in February

14th consecutive increase.

The labor market seems to show no sign of weakening.

According to advisory firm The Conference Board, its Employment Trends Index increased again in February, the 14th consecutive month showing positive gains. The index now stands at 127.76, up from 127.62 (a downward revision) in January. That represents a 6.7% gain in the ETI compared to a year ago.

"Strong job growth and the rapid decline in the unemployment rate are likely to continue."

"The Employment Trends Index increased for the 14th consecutive time, the longest positive stretch in 30 years," said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. "Strong job growth and the rapid decline in the unemployment rate are likely to continue, and acceleration in wage growth is just a matter of time."

February's increase in the ETI was driven by positive contributions from five of the eight components. In order from the largest positive contributor to the smallest, these were: Percentage of Firms with Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers, Real Manufacturing and Trade Sales, Industrial Production, and Job Openings.

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