Nov. Conference Board ETI Rises 1.8% to 90.8

The Conference Board’s employment trends index rose 1.8% to 90.8 in November from a revised 0.6% jump to 89.2 in October, originally reported as a 0.7% increase to 89.3, and is down 9.4% from a year ago, the group said yesterday.

“The very small number of job losses in November was to be expected given the increase in the employment trends index in recent months, and this month’s large increase in the ETI suggests that job gains are imminent,” said Gad Levanon, senior economist at board.

“However, the pace of hiring is likely to remain subdued because the economic recovery is expected to be weak throughout the first half of 2010.”

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