Employment slowing to extend into fall
Published September 8, 2008 by CSBJ Staff
Employment trends suggest even more softening in the labor market this fall, according to the Conference Board.
The nonprofit management group’s index fell 8 percent during August compared to a year ago.
Senior economist Gad Leavanon said the pace of decline points toward rising unemployment extending well into 2009.
“Leading indicators of employment are deteriorating throughout most of the U.S.,” he said. “With the West South Central region (Arkansas, Louisiana, Oklahoma and Texas) faring better than the other regions.”
The yearlong fall in the index is seen in all areas – including temporary help hires and part-time workers.
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