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The Conference Board Predicts More Employment Declines
Dec 9, 2008
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The Conference Board Employment Trends Index (ETI) declined further in November, falling to 102.9, down 1.6% from the October revised figure of 104.5, and down more than 13% from a year ago.

"Thus far, the U.S. economy has lost 1.9 million jobs and the declines in the ETI suggest job losses could very well surpass 3 million by mid 2009," said Gad Levanon, senior economist at The Conference Board. "The continued deterioration in the labor market will exert significant downward pressure on wages."

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