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Employment Trends Index Rises

Posted by Shane Tyler on July 12 2011 @ 10:05 am

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Job growth has struggled as of late. The Employment Trends Index from The Conference Board increased to 100 for June, up from the month of May's index of 99.5.

The current figure is more than 5 percent higher than June 2010. A total of eight categories are included in the index, all from other employment-related reports.

"The behavior of the Employment Trends Index in recent months is consistent with weak job growth, rather than an outright decline," said Gad Levanon, The Conference Board's associate director of macroeconomic research. "The abysmal uptick in employment in the past two months is not just a reaction to the slowdown in economic activity in the first half of 2011, but also a result of employers becoming downbeat about their hiring needs in the coming months."

This news is more positive than other findings about the employment situation, but consumers may still want to use caution. Jobs are not plentiful at the moment, and many are concerned about job security. It may be best to keep debt relief programs in mind because of the current economic climate may be unforgiving to a person's wallet.