U.S. Employment Trends Index rises to 110.97 points in September – Forex

The Conference Board released its report for Sept. According to its data, the index, which measures employment trends in the United States, rose to 110.97 points. In August, it was at 110.73 points. This figure is calculated on the basis of the values of the eight indicators, which are published by different agencies. Among them are statistics on the number of employees hired and data on the number of applications for unemployment benefits. The index also takes into account the dynamics of industrial production. The complex method of calculating this indicator allows to exclude the impact on its value of secondary factors and to determine the existing employment trends with the maximum possible accuracy. The Conference Board said positive changes in six of the eight components of the index contributed to the September increase. CB head Gad Levanon believes that the value of the index corresponds to the situation in the American labor market.