Conference Board's Employment Index Fell in November

By Allison PrangFeaturesDow Jones Newswires

After a strong increase in October, an index that measures U.S. employment fell in November.

The Conference Board's Employment Trends Index fell to 135.88. In October, the revised index was 136.23. Of the eight indicators the index takes into account, three of them -- including percentage of firms with positions not able to fill right now and initial claims for unemployment insurance -- were negative.

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Gad Levanon, the Conference Board's chief economist for North America, said that October was "one of the largest monthly increases ever."

"The ETI is still on an upward trend and suggests that employment is likely to continue to grow in the months ahead," he said in prepared remarks.

The Conference Board's employment trends index, or ETI, combines eight market indicators, including industrial-production figures from the Federal Reserve, job openings from the Bureau of Labor Statistics and jobless claims from the U.S. Department of Labor. The index filters out volatility in data to more clearly reveal underlying trends in employment conditions.

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(END) Dow Jones Newswires

December 11, 2017 11:07 ET (16:07 GMT)