Employment Trends Index™ (ETI) rebounds in October but growth expected to be weak well into 2011.
Conference Board Employment Trends Index (ETI) finally turns north.
The Conference Board Employment Trends Index™ (ETI) increased in October, after a slight decline in September. The index now stands at 98.1, up from September’s revised figure of 97.3. The index is up over 10 percent from a year ago. The ETI was one of only two remaining Leading Economic Indicators tracked by the Conference Board still headed south, that leaves just the CEO Confidence Index which was down 12 points in the third quarter. Even so, the Board predicts weak economic growth well into 2011.
Online advertised vacancies rose 59,900 in September to 4,296,100 following a decrease of 57,100 in August, according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The gap between the number of unemployed and advertised vacancies (supply/demand rate) stood at 3.51 unemployed for every advertised vacancy in August (the last available unemployment data) but is down from its peak of 4.73 in October 2009.
Ohio’s unemployment rate was 10.1 percent in August, down slightly from 10.3 percent in July, according to data released this morning by the Ohio Department of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment decreased 15,400 over the month, from the revised 5,046,600 in July to 5,031,200 in August.
Ohio’s unemployment rate was 10.3 percent in July, down slightly from 10.5 percent in June, according to data released by the Ohio Department of Job and Family Services. Ohio’s nonfarm wage and salary employment increased 1,800 over the month, from the revised 5,045,000 in June to 5,046,800 in July.