WICHITA — More evidence that job growth is here to stay: the Conference Board’s latest Employment Trends Index rose again in February."The acceleration in the ETI suggests that rapid job growth is likely to continue in the next several months, despite modest improvements in demand and production," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "In the past year output per hour of work grew very slowly. If this trend continues, employment growth could remain robust even if GDP continues to grow at a modest 2 to 2.5 percent, as we expect."February's growth in the ETI was driven by positive contributions from seven of the eight components. Indicators showing improvement were: Percentage of Respondents Who Say They Find "Jobs Hard to Get", Number of Employees Hired by the Temporary-Help Industry, Initial Claims for Unemployment Insurance, Industrial Production, Real Manufacturing and Trade Sale, Part-Time Workers for Economic Reasons, and Job Openings. The only negative indicator was Percentage of Firms With Positions Not Able to Fill Right Now.
The Conference Board is an independent business membership and research group.