The Conference Board’s employment trends index grew to 103.70 in November from an upwardly revised 102.42 in October, originally reported as 101.92, and is up 6.4% from a year ago, the group announced Monday.
“The employment trends index posted a large increase for the second straight month, with all of its components showing gains over these two months,” said Gad Levanon, associate director of macroeconomic research at the board.
“The better-than-expected growth in economic activity in recent months is likely to lead to some acceleration in job growth in the beginning of 2012,” Levanon said. “However, this improvement may be short lived, in particular as the U.S. economy slows down once again in the coming quarters.”
