Tags: Job | Market | Gauge | Rises

Job Market Gauge Rises for Sixth Straight Month

Monday, 08 Mar 2010 02:05 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The U.S. job market continued to improve in February for the sixth consecutive month, largely due to a strong recovery in manufacturing production, a research group said on Monday.

The Conference Board, a private research group, said its Employment Trends Index rose to 93.5 in February from 93.2 in January.

Over the last six months the index has climbed 13.4 percent, marking its highest six-month growth rate since 1994. The group said expects this trend to hold steady.

"The past two jobless recoveries in 1991 and 2002 were a result of a continuous decline in manufacturing employment. This time, the strong recovery in manufacturing production has already led to two consecutive monthly increases in manufacturing employment," said Gad Levanon, senior economist at The Conference Board.

"We are likely to see this trend continue over the next several months, which will contribute to overall job growth."

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Poll: Young Adults Show Less Support for Israel in Hamas War

Wednesday, 30 Jul 2014 09:41 AM

American support for Israel in its war with Hamas is showing signs of weakness among young adults and minorities, a new  . . .

Morici: Stocks Could Rise Another 25% Before Bull Market Hits Wall

Wednesday, 30 Jul 2014 09:30 AM

Stocks may be near record levels but the bull market is not done. Digital technologies permit businesses to use investor . . .

Trey Gowdy: Clinton, Petraeus Need to Testify on Benghazi

Wednesday, 30 Jul 2014 09:21 AM

The chairman of the Benghazi Select Committee said the panel will not give a pass to anyone in its fact-finding mission  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved