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April 2021 Conference Board Employment Index: Shows No Signs Of Slowing Job Growth

The Conference Board s Employment Trends Index - which forecasts employment for the next 6 months - significantly increased with the authors saying Despite the disappointing April jobs report, the Employment Trends Index significantly increased in April . Analyst Opinion of Conference Board s Employment Index Econintersect evaluates the year-over-year change of this index (which is different than the headline view) - as we do with our own employment index. The year-over-year index growth rate accelerated by 36.3 % month-over-month and a positive 43.9 % year-over-year. The Econintersect employment index is now in positive territory but now declining and we are predicting slowing growth over the next 6 months.

The Conference Board s Employment Trends Index Rose in April

Provided by Dow Jones By Xavier Fontdegloria An index measuring employment trends in the U.S. increased in April, signaling that the labor market continued to heal from the pandemic-induced hit, data from The Conference Board showed Monday. The Conference Board Employment Trends Index came in at 105.44 in April, up compared with a revised 102.65 in March. The indicator is up 45.7% from a year ago, when the Covid-19 pandemic hit the economy and employment plunged. The release of the index follows Friday s employment report from the Bureau of Labor Statistics which showed U.S. labor market created 266,000 jobs, a significant slowdown from the 770,000 payrolls added in March. The data signaled many businesses struggle to find workers or remain cautious about the economic outlook.

Reinvestment needs about to intensify

Reinvestment needs about to intensify
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