Signs are good that U.S. job growth will continue at a decent pace. One key…
Signs are good that U.S. job growth will continue at a decent pace.
One key measure of this –The Conference Board Employment Trends Index — increased in December, after virtually no change in November.
The index now stands at 107.10, up from 106.36 (revised) in November. The change represents a 5.2 percent gain in the ETI compared to a year ago.
“The rapid improvement in the Employment Trends Index in recent months suggests that job growth is unlikely to slow down in the months ahead,” said Gad Levanon, Chief Economist, North America, at The Conference Board.
“The US economy has been significantly accelerating in recent quarters and the tax cuts passed by Congress will provide an additional boost to the US economy in 2018. In such an environment, job growth will remain solid and the unemployment rate will reach lower than any rate since the 1960s,” Levanon said.
That would be welcome news, indeed.