US Conference Board August employment trends 108.53 vs 107.71 prior

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<p>It's no surprise this is higher after non-farm payrolls. Note that this is a composite index that grabs from various sources that are already public. That said, it's still a useful barometer and has been trending higher.</p><p></p><p>Here is what the Conference Board says:</p><p>“The ETI increased for a second consecutive month in August and is now up 2.0% from its level one year ago,” said Conrad Qi, Economic Data Scientist Associate, The Conference Board. “Although they were mixed in August on a month-over-month basis, all eight components of the ETI delivered positive average contributions over the past six months. This suggests support for continued job growth after nonfarm payrolls grew by 162,000 in August.”Qi continued, “The largest positive contributions to the ETI came from declines in the ratio of involuntarily part-time to all part-time workers and the share of consumers reporting that jobs are hard to get. The involuntary part-time ratio fell to 16.2% in August from 17.4% in July, signaling less underemployment. The share of consumers who reported jobs are “hard to get”—an ETI component from the Consumer Confidence Survey —declined to 19.5% in August from a revised 21.7% in July, indicating improved perceptions of current job availability.”</p> This article was written by Adam Button at investinglive.com.