Although the Employment Trends Index is up year over year, April’s month over month decline is the largest in two years. Job growth running under the yellow.
The Conference Board Employment Trends Index™ (ETI) declined 0.6 percent in April to 100.5, down from March’s revised figure of 101.1. This is the largest monthly decline since April 2009. The April figure is up 6 percent from a year ago.
Online advertised vacancies slipped by 123,800 in April to 4,322,300 according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The April decline follows a strong gain of 763,100 in the first quarter of 2011.
Online advertised vacancies rose 208,800 in March to 4,454,500 according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The March rise follows a large January increase and a small change in February, and brings the gain in labor demand in the first quarter of 2011 to over 600,000. This follows on the heels of a strong ADP National Employment Report yesterday.
Private-sector employment increased by 201,000 from February to March on a seasonally adjusted basis, according to the latest ADP National Employment Report® . The estimated change of employment from January 2011 to February 2011 was revised down to 208,000 from the previously reported increase of 217,000.
The Conference Board Employment Trends Index™ (ETI) increased in February for the fifth consecutive month. The index now stands at 101.7, up from January’s revised figure of 100.1. The index is up over 8 percent from a year ago. The Employment Trends Index aggregates eight labor-market indicators, each of which has proven accurate in its own area.
The Conference Board Reports that posts for Online Help Sags a Bit in February.
In stark contrast to the ADP Employment Report yesterday, The Conference Board Help Wanted OnLine™ (HWOL) Data Series reports that online advertised vacancies dipped by 27,400 in February to 4,245,600. Still, labor demand as measured by the HWOL has risen 1.41 million since the series’ low point in April 2009. This increase offsets approximately 80 percent of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009.
Private-sector employment increased by 217,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from December 2010 to January 2011 was revised up to 189,000 from the previously reported increase of 187,000.
The Conference Board Employment Trends Index™ (ETI) aggregates eight labor-market indicators and although it does not get the same media attention that the Labor Department’s often misleading figures receives, in my opinion remains the most solid gauge for employment trends. The Index increased in January for the fourth consecutive month and now stands at 100.5, up from December’s revised figure of 100.3. The index is up 7 percent from a year ago.
Online advertised vacancies rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series. With the January increase, labor demand has risen 1.44 million since the series low point in April 2009. This increase now offsets approximately 80 percent of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009.
The Conference Board Employment Trends Index™ (ETI) increased in December for the third consecutive month, closing the last quarter of 2010 on a positive note. The index now stands at 99.3, up from November’s revised figure of 98.5. The index is up 7.6 percent from a year ago.
Most real estate pundits agree that we will not see significant movement toward recovery of the housing market if and until unemployment is significantly improved. Today we saw what may be a real beginning to that improvement. According to the latest ADP National Employment Report® private-sector employment increased by 297,000 from November to December. That’s more than three times the revised change reported for October to November’s increase of 92,000.