Secrets of the Job Hunt


Wednesday, July 22, 2009

Job Listings Continue to Fall in May

The national unemployment rate continued to rise is June, increasing 0.1 percent from May's 9.4 percent to 9.5 percent. This marked the 9th consecutive month of growing joblessness. Considering this, it is no surprise that job listings and other indicators showed further signs of decline during the month.

According to a recent report from the Conference Board, its Employment Trends Index (ETI) saw another moderate decline in June. Last month it lost 0.8 percentage points, falling from May's 89.1 to 88.4. Currently the Index is down 21.6 percent from the same month last year.

"Compared to the beginning of the year, the decline in the Employment Trends Index has significantly moderated, and we therefore expect job growth to resume around the end of the year," said The Conference Board's Senior Economist Gad Levanon in the press release. "However, over the last month, leading indicators of employment were mostly disappointing, suggesting the Employment Trends Index is still seeking a bottom."

During the month of June the indicators the Conference Board utilizes to create its ETI reported a mixed picture, which is why the decline was only moderate. Indicators that showed decline included: the percentage of respondents that they find "jobs hard to get", the number of employees in the temporary-help industry, industrial production, real manufacturing and trade sales and job openings.

The Employment Trends Index uses eight separate labor-market indicators, all of which have been found to be accurate in their own right. Afterwards, these areas are combined to give a better picture of the current hiring situation. By doing this, the Conference Board is able to get a better picture of whether or not the number of job listings and other factors affecting the job market are actually declining. It also enables them to see what the trends really are.

The eight areas that come together to create the index are: the percentage of people polled who say that finding a job is difficult (The Conference Board Consumer Confidence Survey), Claims for Unemployment Insurance (U.S. Department of Labor), the number of employees hired on a temporary basis (U.S. Bureau of Labor Statistics), the percentage of firms that are not able to fill positions at the time (National Federation of Independent Business), the number of people hired by temp agencies (U.S. Bureau of Labor Statistics), part-time workers hired for Economic Reasons (BLS), job listings (BLS), Industrial Production (Federal Reserve Board) and Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis).

The Conference Board will be releasing its next Employment Trends Index at 10:00 am on August 10th. This report will highlight the condition of July's job market. The Conference Board releases its ETI each month on the Monday after the Friday that the Bureau of Labor Statistics releases its employment situation report.


zzxml520 said...

I think beautiful hair is very important,You can use the chi hair tools Landscaping,i think the chi flat iron is very good,chi hair straightener is also,if you want to know more the chi flat irons,I can take you to a better place.

zzxml520 said...

1.There are lots of ppl who are much more crazy about the air jordan shoes than us worldwider.Most of them try and collect all the new jordan shoes,not just one.It seems that some ppl that they don’t want to run out their nice air jordans for walk or play basketball

slina said...

Louis Vuitton Matsuya Ginza Store done renewal and displays their “speedy” archives over past years,Louis Vuitton has been welcomed by many Louis Vuitton Handbags lovers. I think there is no cheaper LV Handbags than you in the world. “speedy” is known as Louis Vuitton’s iconic line. Every arranged bags were very interesting.
Louis Vuitton Matsuya Ginza Store done renewal and displays their “speedy” archives over past years,Louis Vuitton has been welcomed by many Louis Vuitton Handbag lovers. I think there is no cheaper louis vuitton sale than you in the world. “speedy” is known as Louis Vuitton’s iconic line. Every arranged bags were very interesting.

ji said...

If you don't own a Match of Bailey Button Ugg Boots, now may be the Main time to bargain yourself one. You will see that contempt their wettest cost when likened with Classic Tall Ugg Boots, uggs are real worthy every penny particularly when it follows to getting Way and Comforter in Classic Short Ugg Boots.In winter your foot needs extra protection and warmth from the Ultra Tall Ugg Boots.ugg sale;ugg boots sale;ugg uk;ugg boots uk

sailmold said...

cheap ugg boots
buy ugg boots
offering ugg
ugg boots
hot ugg
ugg classic
ugg sandals
ugg ultra boots

bailey button ugg boots
nightfall ugg boots
sundance II ugg boots
ugg fluff flip flop
ugg stripe cable knit

ugg classic
classic tall ugg boots
short metallic ugg boots
tall metallic ugg boots
ugg classic argyle knit

ugg sandals
ugg amelie suede sandals
ugg coquette sandals
ugg dakota sandals

ugg morocco sandals
ugg tasmina braid sandals
ugg tasmina sandals

ugg ultra boots
ultra short ugg boots

kids ugg boots
ugg sundance grab bags
classic cardy ugg boots
classic mini ugg boots
classic short ugg boots
ugg classic crochet boots
ugg gypsy sandals
ugg halendi sandals
ultra tall ugg boots