TITLE

Index suggests labor market still softening

PUB. DATE
August 2008
SOURCE
Trailer / Body Builders;Aug2008, Vol. 49 Issue 10, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that The Conference Board's Employment Trends Index (ETI) continued a decline in July 2008, suggesting more softening to come in the U.S. labor market. According to Gad Levanon, senior economist at The Conference Board, the economy remains too weak to stem the monthly loss in jobs, and unless the labor market turns around at once, unemployment could pass 6 percent in early 2009. The Conference Board's ETI, however, is not signaling any such improvement at hand.
ACCESSION #
34195404

 

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