Professional opportunities in the U.S. increased more so in
February than any time in the past 36 months, according to an index
cited by Bloomberg.
The Employment Trends Index of the Conference Board gained 1.38
percent to 107.46, according to a press release, notching the
highest value since July 2008. The index’ results from January were
105.99 and the increase demonstrates the labor market is gaining
traction as far as its recovery is concerned. Results are up more
than 6 percent from the same period of 2011.
“The acceleration in the ETI suggests that rapid job growth is
likely to continue in the next several months, despite modest
improvements in Demand and Production,” macroeconomic research
director Gad Levanon with the Conference Board. “In the past year
output per hour of work grew very slowly. If this trend continues,
employment growth could remain robust even if GDP continues to grow
at a modest 2 to 2.5 percent, as we expect.”
A reduced amount of Americans said jobs are hard to get,
according to the poll.
The U.S. unemployment rate presently is 8.3 percent after
227,000 new jobs were added in February. That followed the 284,000
that were added in January.